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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th 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
In Millions, Except Ratios |
| |||||||||||||||
Years Ended December 31 | 2016 | 2015 | 2014 | 2013 | 2012 |
| ||||||||||
Earnings as defined1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax income from continuing operations |
| $ | 936 |
| $ | 896 |
| $ | 873 |
| $ | 880 |
| $ | 736 |
|
Fixed charges as defined |
|
| 302 |
|
| 275 |
|
| 274 |
|
| 269 |
|
| 269 |
|
Earnings as defined |
| $ | 1,238 |
| $ | 1,171 |
| $ | 1,147 |
| $ | 1,149 |
| $ | 1,005 |
|
Fixed charges as defined1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest on long-term debt |
| $ | 261 |
| $ | 252 |
| $ | 243 |
| $ | 237 |
| $ | 232 |
|
Estimated interest portion of lease rental |
|
| 29 |
|
| 21 |
|
| 21 |
|
| 21 |
|
| 21 |
|
Other interest charges |
|
| 12 |
|
| 2 |
|
| 10 |
|
| 11 |
|
| 16 |
|
Fixed charges as defined |
|
| 302 |
|
| 275 |
|
| 274 |
|
| 269 |
|
| 269 |
|
Preferred dividends |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 3 |
|
Combined fixed charges and preferred dividends |
| $ | 305 |
| $ | 278 |
| $ | 277 |
| $ | 272 |
| $ | 272 |
|
Ratio of earnings to fixed charges |
|
| 4.10 |
|
| 4.26 |
|
| 4.19 |
|
| 4.27 |
|
| 3.74 |
|
Ratio of earnings to combined fixed charges and preferred dividends |
|
| 4.06 |
|
| 4.21 |
|
| 4.14 |
|
| 4.22 |
|
| 3.69 |
|
1 Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
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