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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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- 10-K Annual report
- 10.8 Key Exec Employ and Severance Agreement
- 10.9 Key Exec Employ and Severance Agreement
- 10.10 Key Exec Employ and Severance Agreement
- 10.18 Severance Arrangement
- 12.1 WPS Resources Ratio of Earnings
- 12.2 Wis Public Service Ratio of Earnings
- 21 Subsidiaries of the Registrants
- 23 Auditors' Consent
- 24 Power of Attorney
- 99.1 WPS Resources Written Statement of CEO
- 99.2 WPS Resources Written Statement of CFO
- 99.3 Wis Public Service Written Statement of CEO
- 99.4 Wis Public Service Written Statement of CFO
- PDF PDF Copy
Exhibit 12.1 | |||||
WPS Resources Corporation | |||||
(Millions) | 2002 | 2001 | 2000 | 1999 | 1998 |
EARNINGS | |||||
Income available to common shareholders | $109.4 | $77.6 | $67.0 | $59.6 | $46.6 |
Federal and state income taxes | 24.8 | 4.8 | 6.0 | 29.7 | 23.4 |
Net pretax income | 134.2 | 82.4 | 73.0 | 89.3 | 70.0 |
Fixed charges | 69.3 | 68.1 | 63.6 | 45.8 | 36.3 |
Subtract preferred dividend requirement | 4.8 | 4.5 | 4.6 | 4.7 | 4.6 |
Total earnings as defined | $198.7 | $146.0 | $132.0 | $130.4 | $101.7 |
FIXED CHARGES | |||||
Interest on long-term debt, including related amortization | $49.1 | $45.6 | $41.7 | $27.2 | $24.0 |
Other interest | 10.2 | 12.2 | 11.9 | 8.5 | 4.8 |
Distributions - preferred securities of subsidiary trust | 3.5 | 3.5 | 3.5 | 3.5 | 1.5 |
Interest factor applicable to rentals | 1.7 | 2.3 | 1.9 | 1.9 | 1.4 |
Preferred dividends (grossed up) (see below) | 4.8 | 4.5 | 4.6 | 4.7 | 4.6 |
Total fixed charges | $69.3 | $68.1 | $63.6 | $45.8 | $36.3 |
Ratio of earnings to fixed charges | 2.9 | 2.1 | 2.1 | 2.8 | 2.8 |
PREFERRED DIVIDEND CALCULATION: | |||||
Preferred dividends | $3.1 | $3.1 | $3.1 | $3.1 | $3.1 |
Tax rate * | 35.6% | 31.7% | 32.0% | 33.8% | 33.1% |
Preferred dividends (grossed up) | $4.8 | $4.5 | $4.6 | $4.7 | $4.6 |
* The tax rate has been adjusted to exclude the impact of tax credits. | |||||