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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 12.2 | |||||||
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Wisconsin Public Service Corporation | |||||||
(Millions) | 2002 | 2001 | 2000 | 1999 | 1998 | ||
EARNINGS | |||||||
Earnings on common stock | $83.1 | $80.6 | $70.4 | $67.1 | $54.1 | ||
Federal and state income taxes | 46.8 | 43.9 | 40.1 | 38.0 | 29.5 | ||
Net pretax income | 129.9 | 124.5 | 110.5 | 105.1 | 83.6 | ||
Fixed charges | 41.2 | 39.3 | 37.7 | 33.6 | 29.1 | ||
Subtract preference dividend requirement | 4.8 | 4.7 | 4.8 | 4.8 | 4.7 | ||
Total earnings as defined | $166.3 | $159.1 | $143.4 | $133.9 | $108.0 | ||
FIXED CHARGES | |||||||
Interest on long-term debt, including related amortization | 27.2 | $24.1 | $21.6 | $21.9 | $20.4 | ||
Other interest | 7.9 | 9.2 | 10.1 | 5.6 | 2.8 | ||
Interest factor applicable to rentals | 1.3 | 1.3 | 1.2 | 1.3 | 1.2 | ||
Fixed charges before preferred dividend requirement | $36.4 | $34.6 | $32.9 | $28.8 | $24.4 | ||
Ratio of earnings to fixed charges | 4.6 | 4.6 | 4.4 | 4.6 | 4.4 | ||
Preferred dividends (grossed up) (see below) | $4.8 | $4.7 | $4.8 | $4.8 | $4.7 | ||
Total fixed charges including preferred dividend | $41.2 | $39.3 | $37.7 | $33.6 | $29.1 | ||
Ratio of earnings to fixed charges and preferred dividends | 4.0 | 4.0 | 3.8 | 4.0 | 3.7 | ||
PREFERRED DIVIDEND CALCULATION: | |||||||
Preferred dividends | $3.1 | $3.1 | $3.1 | $3.1 | $3.1 | ||
Tax rate | 35.0% | 34.4% | 35.3% | 35.2% | 34.1% | ||
Preferred dividends (grossed up) | $4.8 | $4.7 | $4.8 | $4.8 | $4.7 | ||