CH Energy 10K 2012 Annual report | SEC Filing

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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Removed: allegedly, AMI, ARRA, Auburn, binomial, bolster, breakout, burn, Capacitor, captioned, ceased, charging, Citigroup, cogeneration, consistency, corn, Dawn, decreasing, defendant, dispersed, disrupted, divesting, documentation, duty, EDER, EDR, Electrification, emergency, escalate, exercisable, expectation, expired, favorably, foregoing, functional, Glenmore, government, gradually, Greentree, ground, heavy, horizon, hybrid, informed, injury, instituted, investigating, investor, JP, landfill, leased, metering, moderation, modify, nitrogen, offer, older, Paterson, production, punitive, remote, renew, Roseton, sector, SEP, shelf, short, shortfall, smart, statewide, suffered, Tennessee, track, unsatisfactory, venture, Wisconsin

				Year Ended December 31,
	Earnings: ($000)			2012		2011		2010		2009		2008
A.		Net income		$	47,170	$	45,037	$	46,118	$	32,776	$	27,238
B.		Federal and State Income Tax			28,791		28,177		26,164		21,142		19,273
C.		Earnings before Income Taxes		$	75,961	$	73,214	$	72,282	$	53,918	$	46,511
D.		Fixed Charges
			Interest on Other Long-Term Debt		23,008		23,602		19,745		18,830		20,518
			Other Interest		5,910		4,812		5,413		5,253		4,495
			Interest Portion of Rents⁽¹⁾		689		703		678		635		788
			Amortization of Premium & Expense on Debt		1,027		1,084		913		956		982
		Total Fixed Charges		$	30,634	$	30,201	$	26,749	$	25,674	$	26,783

E.	Total Earnings			$	106,595	$	103,415	$	99,031	$	79,592	$	73,294

		Preferred Dividend Requirements:
F.			Allowance for Preferred Stock Dividends Under IRC Sec. 247	$	624	$	970	$	970	$	970	$	970
G.			Less Allowable Dividend Deduction		(127)		(127)		(127)		(127)		(127)
H.			Net Subject to Gross-Up		497		843		843		843		843
I.			Ratio of Earnings before Income Taxes to Net Income (C/A)		1.610		1.626		1.567		1.645		1.708
J.			Preferred Dividend (Pre-tax) (H x I)		800		1,371		1,321		1,387		1,440
K.			Plus Allowable Dividend Deduction		127		127		127		127		127
L.			Preferred Dividend Factor		927		1,498		1,448		1,514		1,567
M.			Fixed Charges (D)		30,634		30,201		26,749		25,674		26,783
N.		Total Fixed Charges and Preferred Dividends		$	31,561	$	31,699	$	28,197	$	27,188	$	28,350

O.		Ratio of Earnings to Fixed Charges (E/D)			3.5		3.4		3.7		3.1		2.7
P.		Ratio of Earnings to Fixed Charges and Preferred Dividends (E/N)			3.4		3.3		3.5		2.9		2.6

CH Energy Inactive 10-K2012 FY Annual report

Content analysis