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Content analysis
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Uncertain | ||
Constraining | ||
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Litigous | ||
Readability |
H.S. freshman Avg
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- 10-K Annual report
- 10.1.5.3 Exhibit 10.1.5.3
- 10.1 Annual Incentive Plan
- 12.1 Exhibit 12.1
- 21.1 Exhibit 21.1
- 23.1 Exhibit 23.1
- 24.1 Exhibit 24.1
- 31.1.1 Exhibit 31.1.1
- 31.1.2 Exhibit 31.1.2
- 32.1.1 Exhibit 32.1.1
- 32.1.2 Exhibit 32.1.2
- 4.2.6 Exhibit 4.2.6
- 4.2.7 Exhibit 4.2.7
- 4.2.12 Exhibit 4.2.12
- 4.2.13 Exhibit 4.2.13
- 12.2 Exhibit 12.2
- 23.2 Exhibit 23.2
- 31.2.1 Exhibit 31.2.1
- 31.2.2 Exhibit 31.2.2
- 32.2.1 Exhibit 32.2.1
- 32.2.2 Exhibit 32.2.2
- 10.3 Exhibit 10.3
- 12.3 Exhibit 12.3
- 23.3 Exhibit 23.3
- 31.3.1 Exhibit 31.3.1
- 31.3.2 Exhibit 31.3.2
- 32.3.1 Exhibit 32.3.1
- 32.3.2 Exhibit 32.3.2
Exhibit 12.1
Consolidated Edison, Inc.
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
|
| For the Twelve Months Ended December 31, |
| |||||||||||||
|
| 2003 |
| 2002 |
| 2001 |
| 2000 |
| 1999 |
| |||||
Earnings |
|
|
|
|
|
|
|
|
|
|
| |||||
Net Income for Common Stock |
| $ | 528 |
| $ | 646 |
| $ | 682 |
| $ | 583 |
| $ | 701 |
|
Preferred Stock Dividend |
| 11 |
| 13 |
| 14 |
| 14 |
| 13 |
| |||||
Cumulative Effect of Changes in Accounting Principles |
| (3 | ) | 22 |
| — |
| — |
| — |
| |||||
(Income) or Loss from Equity Investees |
| — |
| — |
| — |
| (1 | ) | 1 |
| |||||
Minority Interest Loss |
| 2 |
| 2 |
| 2 |
| 1 |
| — |
| |||||
Income Tax |
| 315 |
| 376 |
| 442 |
| 307 |
| 373 |
| |||||
Pre-Tax Income from Continuing Operations |
| $ | 853 |
| $ | 1,059 |
| $ | 1,140 |
| $ | 904 |
| $ | 1,088 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Add: Fixed Charges* |
| 491 |
| 493 |
| 480 |
| 452 |
| 378 |
| |||||
Add: Distributed Income of Equity Investees |
| — |
| — |
| — |
| 1 |
| 1 |
| |||||
Subtract: Interest Capitalized |
| 5 |
| 14 |
| — |
| — |
| — |
| |||||
Subtract: Preferred Stock Dividend Requirement |
| 17 |
| 19 |
| 22 |
| 21 |
| 21 |
| |||||
Earnings |
| $ | 1,322 |
| $ | 1,519 |
| $ | 1,598 |
| $ | 1,336 |
| $ | 1,446 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
* Fixed Charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest on Long-term Debt |
| $ | 388 |
| $ | 373 |
| $ | 384 |
| $ | 351 |
| $ | 306 |
|
Amortization of Debt Discount, Premium and Expense |
| 13 |
| 12 |
| 13 |
| 12 |
| 13 |
| |||||
Interest Capitalized |
| 5 |
| 14 |
| — |
| — |
| — |
| |||||
Other Interest |
| 45 |
| 61 |
| 42 |
| 50 |
| 20 |
| |||||
Interest Component of Rentals |
| 22 |
| 14 |
| 19 |
| 18 |
| 18 |
| |||||
Preferred Stock Dividend Requirement |
| 18 |
| 19 |
| 22 |
| 21 |
| 21 |
| |||||
Fixed Charges |
| $ | 491 |
| $ | 493 |
| $ | 480 |
| $ | 452 |
| $ | 378 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of Earnings to Fixed Charges |
| 2.7 |
| 3.1 |
| 3.3 |
| 3.0 |
| 3.8 |
|