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Content analysis
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Constraining | ||
Legalese | ||
Litigous | ||
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8th grade Avg
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- 10-K Annual report
- 12.1 Exhibit 12.1: MGEE Ratio of Earnings to Fixed Charges
- 12.2 Exhibit 12.2: Mge Ratio of Earnings to Fixed Charges
- 21 Exhibit 21: Subsidiaries of MGEE
- 23.1 Exhibit 23.1: MGEE Consent of Independent Registered Public Accounting Firm
- 23.2 Exhibit 23.2: Mge Consent of Independent Registered Public Accounting Firm
- 31.1 Exhibit 31.1: MGEE CEO Rule 13A-14/15D-14 Certification
- 31.2 Exhibit 31.2: MGEE CFO Rule 13A-14/15D-14 Certification
- 31.3 Exhibit 31.3: Mge CEO Rule 13A-14/15D-14 Certification
- 31.4 Exhibit 31.4: Mge CFO Rule 13A-14/15D-14 Certification
- 32.1 Exhibit 32.1: MGEE CEO Section 1350 Certification
- 32.2 Exhibit 32.2: MGEE CFO Section 1350 Certification
- 32.3 Exhibit 32.3: Mge CEO Section 1350 Certification
- 32.4 Exhibit 32.4: Mge CFO Section 1350 Certification
- PDF Form 10-K PDF
- Download Excel data file
- View Excel data file
EXHIBIT 12.2
Madison Gas and Electric Company
Ratio of Earnings to Fixed Charges
Twelve Months Ended December 31, 2015
(In thousands)
Earnings | |
Net income before minority interest | $71,465 |
Equity earnings | (7,728) |
Income distribution from equity investees | 6,645 |
Minority interest in pretax income | (3,628) |
Amortization of capitalized interest | 527 |
Federal and state income taxes | 41,406 |
Fixed charges | 21,323 |
Total Earnings as Defined | $130,010 |
| |
Fixed Charges | |
Interest expense on long-term debt and other | $19,477 |
Interest on rentals* | 709 |
Amortization of debt issuance costs | 906 |
AFUDC - borrowed funds | 231 |
Total Fixed Charges | $21,323 |
|
|
Ratio of Earnings to Fixed Charges | 6.10X |
*Management believes that using one-third of the total rental expense
gives a reasonable approximation for actual interest on rentals.