- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
- 10-K Annual report
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 4 EX-4
- 10 EX-10
- 10 EX-10
- 10 EX-10
- 10 EX-10
- 10 EX-10
- 12 EX-12
- 12 EX-12
- 12 EX-12
- 21 EX-21
- 21 EX-21
- 23 EX-23
- 23 EX-23
- 24 EX-24
- 31 EX-31
- 31 EX-31
- 31 EX-31
- 31 EX-31
- 31 EX-31
- 31 EX-31
- 32 EX-32
- 32 EX-32
- 32 EX-32
- 32 EX-32
- 32 EX-32
- 32 EX-32
- 99 EX-99
Exhibit 12(a) | |||||||||||||||||||||||||
PPL CORPORATION AND SUBSIDIARIES | |||||||||||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||||
Interest on long-term debt | $ | 500 | $ | 417 | $ | 486 | $ | 351 | $ | 323 | |||||||||||||||
Interest on short-term debt and | 20 | 25 | 71 | 44 | 64 | ||||||||||||||||||||
Amortization of debt discount, | 8 | 41 | 25 | 17 | 5 | ||||||||||||||||||||
Interest on capital lease obligations | 4 | ||||||||||||||||||||||||
Estimated interest component of | 34 | 52 | 39 | 36 | 25 | ||||||||||||||||||||
Preferred security distributions of subsidiaries on a pre-tax basis | 5 | 45 | 79 | 64 | 31 | ||||||||||||||||||||
Total fixed charges | $ | 567 | $ | 580 | $ | 700 | $ | 512 | $ | 452 | |||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||||
Net income (a) | $ | 708 | $ | 726 | $ | 438 | $ | 167 | $ | 491 | |||||||||||||||
Preferred security dividend requirements | 2 | 29 | 67 | 52 | 26 | ||||||||||||||||||||
Less undistributed income (loss) of | (13 | ) | (18 | ) | (23 | ) | 20 | 74 | |||||||||||||||||
723 | 773 | 528 | 199 | 443 | |||||||||||||||||||||
Add: | |||||||||||||||||||||||||
Income taxes | 195 | 170 | 210 | 261 | 294 | ||||||||||||||||||||
Amortization of capitalized interest on | 2 | ||||||||||||||||||||||||
Total fixed charges as above | 558 | 528 | 600 | 419 | 405 | ||||||||||||||||||||
Total earnings | $ | 1,476 | $ | 1,471 | $ | 1,338 | $ | 879 | $ | 1,144 | |||||||||||||||
Ratio of earnings to fixed charges | 2.6 | 2.5 | 1.9 | 1.7 | 2.5 | ||||||||||||||||||||
Ratio of earnings to combined fixed | 2.6 | 2.5 | 1.9 | 1.7 | 2.5 | ||||||||||||||||||||
(a) | Net income excludes extraordinary item, minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles. | ||||||||||||||||||||||||
(b) | PPL, the parent holding company, does not have any preferred stock outstanding; therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges. |