Aep Texas Central 10Q 2004 Q1 Quarterly report | ATXCH Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	6th grade Good

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	Year Ended December 31,										Twelve Months Ended
	1999		2000		2001		2002		2003		3/31/04
Earnings:
Net Income Before Extraordinary Item and
Cumulative Effect of Accounting Change	$187,718		$189,567		$182,278		$275,941		$217,547		$182,187
Plus Federal Income Taxes	83,508		80,797		172,722		30,102		90,868		71,601
Plus State Income Taxes	--		3,532		14,849		3,616		118		(2,463)
Plus Provision for Deferred Income Taxes	19,938		16,263		(72,568	)	113,655		19,393		18,187
Plus Deferred Investment Tax Credits	(5,207	)	(5,207	)	(5,207	)	(5,207	)	(5,207	)	(5,207)
Plus Fixed Charges	118,911		132,785		125,194		132,236		136,143		137,620

Total Earnings	$404,868		$417,737		$417,268		$550,343		$458,862		$401,925

Fixed Charges:
Interest on Long-term Debt	$87,413		$96,212		$86,980		$99,839		$122,866		$127,305
Interest on Short-term Debt	19,498		22,830		25,023		19,442		5,877		5,640
Distributions on Trust Preferred Securities	12,000		11,940		11,208		10,560		5,264		2,539
Estimated Interest Element in Lease Rentals	--		1,803		1,983		2,395		2,136		2,136

Fixed Charges	$118,911		$132,785		$125,194		$132,236		$136,143		$137,620

Ratio of Earnings to Fixed Charges	3.40		3.14		3.33		4.16		3.37		2.92

Aep Texas Central (ATXCH) Inactive 10-Q2004 Q1 Quarterly report

Content analysis