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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12.3 | ||||||||||||
Idaho Power Company | ||||||||||||
Consolidated Financial Information | ||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||
Three Months | Twelve Months Ended | |||||||||||
Ended | December 31, | |||||||||||
March 31, | (Thousands of Dollars) | |||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||
Earnings, as defined: | ||||||||||||
Income before income taxes | $ | 29,057 | $ | 131,715 | $ | 111,965 | $ | 137,890 | $ | 115,764 | $ | 76,936 |
Adjust for distributed income of equity investees | (3,302) | (6,772) | (5,553) | (9,347) | (10,370) | 1,990 | ||||||
Equity in loss of equity method investments | - | - | - | - | - | - | ||||||
Minority interest in losses of majority owned | ||||||||||||
subsidiaries | - | - | - | - | - | - | ||||||
Fixed charges, as below | 18,298 | 77,568 | 68,272 | 60,687 | 57,739 | 55,530 | ||||||
Total earnings, as defined | $ | 44,053 | $ | 202,511 | $ | 174,684 | $ | 189,230 | $ | 163,133 | $ | 134,456 |
Fixed charges, as defined: | ||||||||||||
Interest charges1 | $ | 18,106 | $ | 76,711 | $ | 67,386 | $ | 59,955 | $ | 56,866 | $ | 54,297 |
Rental interest factor | 192 | 857 | 886 | 732 | 873 | 1,233 | ||||||
Total fixed charges, as defined | $ | 18,298 | $ | 77,568 | $ | 68,272 | $ | 60,687 | $ | 57,739 | $ | 55,530 |
Ratio of earnings to fixed charges | 2.41 x | 2.61 x | 2.56 x | 3.12 x | 2.83 x | 2.42 x | ||||||
1 FIN 48 interest is not included in interest charges. |