Exhibit 12.1 | ||||||||||||||||||||
ALLIANT ENERGY CORPORATION | ||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
Years Ended Dec. 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 (a) | ||||||||||||||||
(dollars in millions) | ||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||
Net income from continuing operations attributable to | ||||||||||||||||||||
Alliant Energy Corporation common shareowners | $ | 110.7 | $ | 280.0 | $ | 424.7 | $ | 338.3 | $ | 56.4 | ||||||||||
Income tax expense (benefit) (b) | (9.2 | ) | 140.2 | 255.8 | 203.0 | (52.9 | ) | |||||||||||||
Subtotal | 101.5 | 420.2 | 680.5 | 541.3 | 3.5 | |||||||||||||||
Fixed charges as defined | 200.7 | 186.5 | 185.6 | 213.4 | 226.7 | |||||||||||||||
Adjustment for undistributed equity earnings | (6.7 | ) | (6.1 | ) | (7.8 | ) | (16.6 | ) | (41.7 | ) | ||||||||||
Less: | ||||||||||||||||||||
Interest capitalized | - | - | - | - | 3.4 | |||||||||||||||
Preferred dividend requirements of subsidiaries (pre-tax basis) (c) | 17.4 | 27.5 | 29.5 | 29.3 | 5.5 | |||||||||||||||
Total earnings as defined | $ | 278.1 | $ | 573.1 | $ | 828.8 | $ | 708.8 | $ | 179.6 | ||||||||||
FIXED CHARGES: | ||||||||||||||||||||
Interest expense | $ | 154.9 | $ | 125.8 | $ | 116.7 | $ | 145.7 | $ | 175.8 | ||||||||||
Interest capitalized | - | - | - | - | 3.4 | |||||||||||||||
Estimated interest component of rent expense | 28.4 | 33.2 | 39.4 | 38.4 | 42.0 | |||||||||||||||
Preferred dividend requirements of subsidiaries (pre-tax basis) (c) | 17.4 | 27.5 | 29.5 | 29.3 | 5.5 | |||||||||||||||
Total fixed charges as defined | $ | 200.7 | $ | 186.5 | $ | 185.6 | $ | 213.4 | $ | 226.7 | ||||||||||
Ratio of Earnings to Fixed Charges (d) | 1.39 | 3.07 | 4.47 | 3.32 | 0.79 | |||||||||||||||
(a) For the year ended Dec. 31, 2005, earnings as defined were inadequate to cover fixed charges as defined by $47.1 million. | ||||||||||||||||||||
(b) Includes net interest related to unrecognized tax benefits. | ||||||||||||||||||||
(c) Preferred dividend requirements of subsidiaries (pre-tax basis) are computed by dividing the preferred dividend requirements of | ||||||||||||||||||||
subsidiaries by one hundred percent minus the respective annual effective income tax rate. | ||||||||||||||||||||
(d) The ratio calculation in the above table relates to Alliant Energy Corporation's continuing operations. |
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10-K Filing
Wisconsin Power & Light 10-K2009 FY Annual report
Filed: 26 Feb 10, 12:00am