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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12(e)
Idaho Power Company
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges
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| Twelve Months Ended |
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| December 31, |
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| (Thousands of Dollars) |
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| March 31, | ||||||||||||||||
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| 2001 |
| 2002 |
| 2003 |
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| 2005 |
| 2006 | ||||||||
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Earnings, as defined: |
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| Income from continuing operations |
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| before income taxes |
| $ | 48,250 |
| $ | 86,326 |
| $ | 80,319 |
| $ | 76,936 |
| $ | 115,764 |
| $ | 123,337 |
| Adjust for distributed income of equity |
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| investees |
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| (1,620) |
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| (2,544) |
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| (20,536) |
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| 26,616 |
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| 4,069 |
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| (5,220) |
| Equity in loss of equity method |
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| investments |
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| - |
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| - |
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| - |
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| - |
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| - |
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| - |
| Minority interest in losses of majority |
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| owned subsidiaries |
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| - |
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| - |
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| - |
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| - |
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| - |
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| - |
| Supplemental fixed charges, as below |
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| 66,748 |
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| 63,002 |
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| 61,849 |
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| 57,047 |
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| 59,351 |
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| 59,815 | |
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| Total earnings, as defined |
| $ | 113,378 |
| $ | 146,784 |
| $ | 121,632 |
| $ | 160,599 |
| $ | 179,184 |
| $ | 177,932 |
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Fixed charges, as defined: |
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| Interest charges |
| $ | 64,002 |
| $ | 60,317 |
| $ | 59,363 |
| $ | 54,297 |
| $ | 56,866 |
| $ | 57,335 | |
| Rental interest factor |
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| 962 |
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| 1,086 |
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| 941 |
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| 1,233 |
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| 873 |
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| 806 | |
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| Total fixed charges |
| $ | 64,964 |
| $ | 61,403 |
| $ | 60,304 |
| $ | 55,530 |
| $ | 57,739 |
| $ | 58,141 |
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Supplemental increment to fixed charges* |
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| 1,784 |
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| 1,599 |
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| 1,545 |
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| 1,517 |
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| 1,612 |
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| 1,674 | ||
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| Total supplemental fixed charges |
| $ | 66,748 |
| $ | 63,002 |
| $ | 61,849 |
| $ | 57,047 |
| $ | 59,351 |
| $ | 59,815 | |
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Supplemental ratio of earnings to fixed |
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| charges |
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| 1.70x |
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| 2.33x |
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| 1.97x |
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| 2.82x |
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| 3.02x |
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| 2.97x | |
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*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.