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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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- 10-K Annual report
- 10.37 Exhibit 10.37
- 10.38 Exhibit 10.38
- 10.39 Exhibit 10.39
- 10.40 Exhibit 10.40
- 10.41 Exhibit 10.41
- 10.42 Exhibit 10.42
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 21 Exhibit 21
- 23.1 Exhibit 23.1
- 23.2 Exhibit 23.2
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- PDF Form 10-K PDF
EXHIBIT 12.2
Madison Gas and Electric Company
Ratio of Earnings to Fixed Charges
Twelve Months Ended December 31, 2008
(In thousands)
Earnings | |
Net income before minority interest | $49,877 |
Equity earnings | (6,937) |
Income distribution from equity investees | 5,272 |
Minority interest in pre-tax income | (7,852) |
Amortization of capitalized interest | 102 |
Interest capitalized | (4,827) |
Federal and state income taxes | 27,126 |
Fixed charges | 23,719 |
Total Earnings as Defined | $86,480 |
| |
Fixed Charges | |
Interest expense on long-term debt and other | $16,276 |
Interest on rentals* | 1,715 |
Amortization of debt issuance costs | 545 |
AFUDC - borrowed funds | 356 |
Capitalized interest | 4,827 |
Total Fixed Charges | $23,719 |
|
|
Ratio of Earnings to Fixed Charges | 3.65x |
*Management believes that using one-third of the total rental expense
gives a reasonable approximation for actual interest on rentals.