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Content analysis
?| Positive | ||
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7th grade Avg
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New words:
American, book, Carolina, escrow, exercise, flexibility, introduced, Native, outage, preliminary, promote, redeemed, South, transition, underwriting, underwritten, unplanned
Removed:
absence, adequate, anticipation, exempt, hearing, matrix, observed, pilot, propose, rated, rescinded, technique
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Exhibit 12.2
Consumers Energy Company
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
| In Millions, Except Ratios | |||||||||||||||||||||||||
| Nine Months Ended | Year Ended December 31 | ||||||||||||||||||||||||
| September 30, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
Earnings as defined1 | |||||||||||||||||||||||||
| Pretax income from continuing operations | $ | 685 | $ | 971 | $ | 936 | $ | 896 | $ | 873 | $ | 880 | |||||||||||||
| Fixed charges as defined | 236 | 305 | 302 | 275 | 274 | 269 | |||||||||||||||||||
| Earnings as defined | $ | 921 | $ | 1,276 | $ | 1,238 | $ | 1,171 | $ | 1,147 | $ | 1,149 | |||||||||||||
Fixed charges as defined1 | |||||||||||||||||||||||||
| Interest on long-term debt | $ | 203 | $ | 263 | $ | 261 | $ | 252 | $ | 243 | $ | 237 | |||||||||||||
| Estimated interest portion of lease rental | 20 | 27 | 29 | 21 | 21 | 21 | |||||||||||||||||||
| Other interest charges | 14 | 15 | 12 | 2 | 10 | 11 | |||||||||||||||||||
| Fixed charges as defined | $ | 237 | 305 | 302 | 275 | 274 | 269 | ||||||||||||||||||
| Preferred dividends | 1 | 3 | 3 | 3 | 3 | 3 | |||||||||||||||||||
| Combined fixed charges and preferred dividends | $ | 238 | $ | 308 | $ | 305 | $ | 278 | $ | 277 | $ | 272 | |||||||||||||
| Ratio of earnings to fixed charges | 3.89 | 4.18 | 4.10 | 4.26 | 4.19 | 4.27 | |||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred dividends | 3.87 | 4.14 | 4.06 | 4.21 | 4.14 | 4.22 | |||||||||||||||||||
1 | Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K. |