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Filing tables
Filing exhibits
- 10-K Annual report
- 10.64 Employment Agreement
- 10.64.1 Change In Control Agreement
- 10.64.2 Amendment No. 1 to Employment Agreement
- 10.64.3 Amendment No. 2 to Employment Agreement
- 10.64.4 Amendment No. 3 to Employment Agreement
- 10.64.5 Amendment No. 4 to Employment Agreement
- 10.65 Retention Award Agreement
- 10.66 Employment Agreement
- 10.66.1 Change In Control Agreement
- 10.66.2 Amendment No. 1 to Employment Agreement
- 10.66.3 Amendment No. 2 to Employment Agreement
- 10.66.4 Amendment No. 3 to Employment Agreement
- 10.67 Retention Award Agreement
- 10.68 Split Dollar Collateral Assignment Insurance Plan Agreement
- 10.69 Restricted Stock Award Agreement
- 10.70 Amendment to the Cinergy Corp Nonqualified Deferred Incentive Comp Plan
- 10.71 Amendment to the Cinergy Corp 401(K) Excess Plan
- 10.72 Amendment to the Cinergy Corp Excess Profit Sharing Plan
- 12 Computation of Ratio of Earnings to Fixed Charges
- 21 List of Subsidiaries
- 23.1 Consent of Independent Registered Public Accounting Firm
- 23.2 Consent of Independent Registered Public Accounting Firm
- 23.3 Consent of Independent Registered Public Accounting Firm
- 24.1 Power of Attorney
- 24.2 Certified Copy of Resolution of the Board Authorizing Power of Attorney
- 31.1 Certification of CEO Pursuant to Sec 302 of Sarbanes-oxley Act of 2002
- 31.2 Certification of CFO Pursuant to Sec 302 of Sarbanes-oxley Act of 2002
- 32.1 Certification of CEO Pursuant to Sec 906 of Sarbanes-oxley Act of 2002
- 32.2 Certification of CFO Pursuant to Sec 906 of Sarbanes-oxley Act of 2002
Related press release
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Exhibit No. 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
Year Ended December 31, | ||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
(dollars in millions) | ||||||||||||||||
Earnings as defined for fixed charges calculation | ||||||||||||||||
Add: | ||||||||||||||||
Pre-tax income (loss) from continuing operations(a)(b) | $ | 2,078 | $ | 1,421 | $ | 1,169 | $ | 723 | $ | (812 | ) | |||||
Fixed charges | 797 | 1,382 | 1,159 | 1,433 | 1,620 | |||||||||||
Distributed income of equity investees | 147 | 893 | 473 | 140 | 263 | |||||||||||
Deduct: | ||||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | 27 | 27 | 31 | 139 | |||||||||||
Interest capitalized(c) | 71 | 56 | 23 | 18 | 58 | |||||||||||
Total earnings (as defined for the Fixed Charges calculation) | $ | 2,951 | $ | 3,613 | $ | 2,751 | $ | 2,247 | $ | 874 | ||||||
Fixed charges: | ||||||||||||||||
Interest on debt, including capitalized portions | $ | 756 | $ | 1,311 | $ | 1,096 | $ | 1,365 | $ | 1,441 | ||||||
Estimate of interest within rental expense | 41 | 44 | 36 | 37 | 40 | |||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | 27 | 27 | 31 | 139 | |||||||||||
Total fixed charges | $ | 797 | $ | 1,382 | $ | 1,159 | $ | 1,433 | $ | 1,620 | ||||||
Ratio of earnings to fixed charges | 3.7 | 2.6 | 2.4 | 1.6 | (d | ) |
(a) | Amount for 2006 has been adjusted for the synthetic fuel business reclassified to discontinued operations during 2007. |
(b) | Excludes minority interest expense and income or loss from equity investees. |
(c) | Excludes equity costs related to Allowance for Funds Used During Construction that are included in Other Income and Expenses in the Consolidated Statements of Operations. |
(d) | Earnings were inadequate to cover fixed charges by $746 million for the year ended December 31, 2003. |