- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
6th grade Avg
|
- 10-K Annual report
- 12.1 Energy East Computation of Ratio of Earnings to Fixed Charges
- 12.2 Energy East Computation of Ratio of Earnings to Fixed CHGS & Pref Stock Divs
- 21 Energy East Subsidiaries 2004
- 23 Energy East Consent of PWC for 2004
- 31.1 Energy East Section 302 Certification
- 31.2 Energy East Section 302 Certification
- 32 Energy East Section 906 Certifications
- 21 CMP Subsidiaries 2004
- 31.1 CMP Section 302 Certification
- 31.2 CMP Section 302 Certification
- 32 CMP Section 906 Certification
- 99.1 CMP Information Re: Directors, Section 16(A), Etc.
- 31.1 Nyseg Section 302 Certification
- 31.2 Nyseg Section 302 Certification
- 32 Nyseg Section 906 Certification
- 99.1 Nyseg Information Re: Directors, Section 16(A), Etc.
- 10.19 Rg&e Supplemental Retirement Benefit Program Amendment 5
- 23 Rg&e Consent of PWC for 2004
- 31.1 Rg&e Section 302 Certification
- 31.2 Rg&e Section 302 Certification
- 32 Rg&e Section 906 Certification
- 99.1 Rg&e Information Re: Directors, Section 16(A), Etc.
- COVER Cover
Exhibit 12-1
ENERGY EAST CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Calendar Year | |||||
(Thousands) | 2004 | 2003 | 2002 | 2001 | 2000 |
|
|
|
|
|
|
Add: | |||||
Income tax | 251,444 | 128,663 | 100,277 | 154,865 | 156,663 |
Pretax Income from |
|
|
|
|
|
Fixed Charges | 289,846 | 312,781 | 297,284 | 238,103 | 157,937 |
Earnings, as defined | $778,911 | $649,934 | $587,490 | $581,707 | $552,012 |
| |||||
Interest charges, net(1) | $276,890 | $284,790 | $256,161 | $216,387 | $152,520 |
Interest portion of |
|
|
|
|
|
Earnings required to |
|
|
|
|
|
Fixed Charges, as defined | $289,846 | $312,781 | $297,284 | $238,103 | $157,937 |
Ratio of Earnings to |
|
|
|
|
|
(1) Includes interest on long-term debt, other interest, and amortization of premium and discount on debt.
(2) Preferred stock dividends of subsidiaries have been adjusted to a pretax basis.
(3) The ratio of earnings to fixed charges is calculated by dividing earnings by fixed charges. For this purpose, earnings means income from continuing operations before income taxes and fixed charges. Fixed charges means all interest charges, the interest component of rentals, and preferred stock dividends of subsidiaries.
(4) Earnings for 2002 includes a $12 million writedown of an investment on NEON Communications, Inc. and a $41 million effect from restructuring expenses. Excluding those two amounts, the earnings ratio for 2002 would have been 2.13.
(5) Earnings for 2001 includes a $78 million writedown of an investment in NEON Communications, Inc. Excluding the $78 million, the earnings ratio for 2001 would have been 2.76.