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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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- 10-K Annual report
- 4.6 Hei EX-4.6(R)
- 10.6 Hei EX-10.6
- 10.6 Hei EX-10.6(E)
- 10.13 Hei EX-10.13
- 10.14 Hei EX-10.14
- 10.18 Hei EX-10.18
- 11 Hei EX-11
- 12 Hei EX-12
- 21 Hei EX-21
- 23.1 Hei EX-23.1
- 23.2 Hei EX-23.2
- 31.1 Hei EX-31.1
- 31.2 Hei EX-31.2
- 32.1 Hei EX-32.1
- 32.2 Hei EX-32.2
- 10.3 Heco EX-10.3(F)
- 10.6 Heco EX-10.6(E)
- 10.6 Heco EX-10.6(F)
- 12.1 Heco EX-12
- 21.1 Heco EX-21
- 31.3 Heco EX-31.3
- 31.4 Heco EX-31.4
- 32.3 Heco EX-32.3
- 32.4 Heco EX-32.4
- 99.1 Heco EX-99.1
- 99.2 Heco EX-99.2
HECO Exhibit 12
Hawaiian Electric Company, Inc.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years ended December 31 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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(dollars in thousands) |
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Fixed charges |
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Total interest charges |
| $ | 61,510 |
| $ | 57,944 |
| $ | 54,757 |
| $ | 53,268 |
| $ | 52,563 |
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Interest component of rentals |
| 1,857 |
| 2,499 |
| 2,211 |
| 2,250 |
| 1,863 |
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Pretax preferred stock dividend requirements of subsidiaries |
| 1,461 |
| 1,452 |
| 1,458 |
| 1,438 |
| 1,467 |
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Total fixed charges |
| $ | 64,828 |
| $ | 61,895 |
| $ | 58,426 |
| $ | 56,956 |
| $ | 55,893 |
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Earnings |
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Net income attributable to HECO |
| $ | 77,669 |
| $ | 80,526 |
| $ | 93,055 |
| $ | 53,236 |
| $ | 76,027 |
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Fixed charges, as shown |
| 64,828 |
| 61,895 |
| 58,426 |
| 56,956 |
| 55,893 |
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Income taxes (see note below) |
| 46,868 |
| 47,776 |
| 55,763 |
| 30,937 |
| 46,440 |
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Allowance for borrowed funds used during construction |
| (2,558 | ) | (5,268 | ) | (3,741 | ) | (2,552 | ) | (2,879 | ) | |||||
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Earnings available for fixed charges |
| $ | 186,807 |
| $ | 184,929 |
| $ | 203,503 |
| $ | 138,577 |
| $ | 175,481 |
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Ratio of earnings to fixed charges |
| 2.88 |
| 2.99 |
| 3.48 |
| 2.43 |
| 3.14 |
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Note: |
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Income taxes is comprised of the following: |
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Income tax expense relating to operating income from regulated activities |
| $ | 48,053 |
| $ | 48,212 |
| $ | 56,307 |
| $ | 34,126 |
| $ | 47,381 |
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Income tax benefit relating to results from nonregulated activities |
| (1,185 | ) | (436 | ) | (544 | ) | (3,189 | ) | (941 | ) | |||||
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| $ | 46,868 |
| $ | 47,776 |
| $ | 55,763 |
| $ | 30,937 |
| $ | 46,440 |
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