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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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Exhibit 12.2
CONSUMERS ENERGY COMPANY
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
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| In Millions, Except Ratios |
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| Nine Months |
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| Ended |
| Year Ended December 31 | ||||||||||||||||
| September 30, 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| ||||||||
Earnings as defined1 |
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|
|
|
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|
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|
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| |||||||
Pretax income from continuing operations |
| $ | 687 |
| $ | 736 |
| $ | 734 |
| $ | 688 |
| $ | 456 |
| $ | 562 |
| |
Exclude equity basis subsidiaries |
| - |
| - |
| - |
| - |
| - |
| - |
| |||||||
Fixed charges as defined |
| 202 |
| 269 |
| 287 |
| 296 |
| 313 |
| 276 |
| |||||||
Earnings as defined |
| $ | 889 |
| $ | 1,005 |
| $ | 1,021 |
| $ | 984 |
| $ | 769 |
| $ | 838 |
| |
Fixed charges as defined1 |
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|
|
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Interest on long-term debt |
| $ | 177 |
| $ | 232 |
| $ | 251 |
| $ | 246 |
| $ | 250 |
| $ | 229 |
| |
Estimated interest portion of lease rental |
| 17 |
| 21 |
| 18 |
| 16 |
| 17 |
| 25 |
| |||||||
Other interest charges |
| 8 |
| 16 |
| 18 |
| 34 |
| 46 |
| 22 |
| |||||||
Fixed charges as defined |
| 202 |
| 269 |
| 287 |
| 296 |
| 313 |
| 276 |
| |||||||
Preferred dividends |
| 3 |
| 3 |
| 3 |
| 3 |
| 3 |
| 3 |
| |||||||
Combined fixed charges and preferred dividends |
| $ | 205 |
| $ | 272 |
| $ | 290 |
| $ | 299 |
| $ | 316 |
| $ | 279 |
| |
Ratio of earnings to fixed charges |
| 4.40 |
| 3.74 |
| 3.56 |
| 3.32 |
| 2.46 |
| 3.04 |
| |||||||
Ratio of earnings to combined fixed charges and preferred dividends |
| 4.34 |
| 3.69 |
| 3.52 |
| 3.29 |
| 2.43 |
| 3.00 |
| |||||||
NOTES:
1 Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.