- 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 |
8th grade Avg
|
Exhibit 12(a)
IDACORP, INC.
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges
|
|
|
|
| ||||||||||||||||
|
| Twelve Months Ended |
|
| ||||||||||||||||
|
| December 31, |
|
| ||||||||||||||||
|
| (Thousands of Dollars) |
|
| ||||||||||||||||
|
|
|
| March 31, | ||||||||||||||||
|
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Earnings, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Income before income taxes |
| $ | 189,860 |
| $ | 10,525 |
| $ | 25,459 |
| $ | 48,213 |
|
| 76,582 |
| $ | 84,222 | |
| Adjust for distributed income of equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| investees |
|
| (1,620) |
|
| (2,544) |
|
| (20,536) |
|
| 26,616 |
|
| 4,069 |
|
| (5,220) |
| Equity in loss of equity method |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| investments |
|
| 296 |
|
| - |
|
| - |
|
| - |
|
| - |
|
| - |
| Minority interest in losses of majority |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| owned subsidiaries |
|
| (612) |
|
| (211) |
|
| (435) |
|
| (48) |
|
| - |
|
| - |
| Supplemental fixed charges, as below |
|
| 86,818 |
|
| 64,257 |
|
| 69,679 |
|
| 67,654 |
|
| 65,991 |
|
| 66,754 | |
|
| Total earnings, as defined |
| $ | 274,742 |
| $ | 72,027 |
| $ | 74,167 |
| $ | 142,435 |
|
| 146,642 |
| $ | 145,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Fixed charges, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Interest charges |
| $ | 75,305 |
| $ | 60,031 |
| $ | 64,813 |
| $ | 61,269 |
|
| 62,962 |
| $ | 63,715 | |
| Preferred stock dividends of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| subsidiaries - gross up - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| IDACORP rate |
|
| 8,142 |
|
| 857 |
|
| 1,915 |
|
| 3,216 |
|
| - |
|
| - |
| Rental interest factor |
|
| 1,587 |
|
| 1,770 |
|
| 1,406 |
|
| 1,652 |
|
| 1,417 |
|
| 1,365 | |
|
| Total fixed charges |
| $ | 85,034 |
| $ | 62,658 |
| $ | 68,134 |
| $ | 66,137 |
|
| 64,379 |
| $ | 65,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Supplemental increment to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| charges * |
|
| 1,784 |
|
| 1,599 |
|
| 1,545 |
|
| 1,517 |
|
| 1,612 |
|
| 1,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
| Total supplemental fixed charges |
| $ | 86,818 |
| $ | 64,257 |
| $ | 69,679 |
| $ | 67,654 |
|
| 65,991 |
| $ | 66,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
Supplemental ratio of earnings to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Charges |
|
| 3.16x |
|
| 1.12x |
|
| 1.06x |
|
| 2.11x |
|
| 2.22x |
|
| 2.18x | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.