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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12.4 | |||||||||||||
Idaho Power Company | |||||||||||||
Consolidated Financial Information | |||||||||||||
Supplemental 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 | - | - | - | - | - | - | |||||||
Supplemental fixed charges, as below | 18,692 | 79,358 | 70,024 | 62,463 | 59,351 | 57,047 | |||||||
Total earnings, as defined | $ | 44,447 | $ | 204,301 | $ | 176,436 | $ | 191,006 | $ | 164,745 | $ | 135,973 | |
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 | $ | 18,298 | $ | 77,568 | $ | 68,272 | $ | 60,687 | $ | 57,739 | $ | 55,530 | |
Supplemental increment to fixed charges2 | 394 | 1,790 | 1,752 | 1,776 | 1,612 | 1,517 | |||||||
Total supplemental fixed charges | $ | 18,692 | $ | 79,358 | $ | 70,024 | $ | 62,463 | $ | 59,351 | $ | 57,047 | |
Supplemental ratio of earnings to fixed charges | 2.38 x | 2.57 x | 2.52 x | 3.06 x | 2.78 x | 2.38 x | |||||||
1 FIN 48 interest is not included in interest charges. | |||||||||||||
2 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. | |||||||||||||