Exhibit 12.1 | ||||||||||||||||||||||||||||
ALLIANT ENERGY CORPORATION | ||||||||||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||||||||||
Nine Months | ||||||||||||||||||||||||||||
Ended Sep. 30, | Years Ended Dec. 31, | |||||||||||||||||||||||||||
2009 | 2008 | 2008 | 2007 | 2006 | 2005 (a) | 2004 | ||||||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||
Net income from continuing operations attributable to | ||||||||||||||||||||||||||||
Alliant Energy Corporation common shareowners | $ | 58.4 | $ | 229.0 | $ | 280.0 | $ | 424.7 | $ | 338.3 | $ | 56.4 | $ | 218.4 | ||||||||||||||
Income tax expense (benefit) (b) | (26.5 | ) | 118.8 | 140.2 | 255.8 | 203.0 | (52.9 | ) | 91.2 | |||||||||||||||||||
Subtotal | 31.9 | 347.8 | 420.2 | 680.5 | 541.3 | 3.5 | 309.6 | |||||||||||||||||||||
Fixed charges as defined | 147.8 | 138.9 | 186.5 | 185.6 | 213.4 | 226.7 | 238.8 | |||||||||||||||||||||
Adjustment for undistributed equity earnings | (4.9 | ) | (4.0 | ) | (6.1 | ) | (7.8 | ) | (16.6 | ) | (41.7 | ) | (21.0 | ) | ||||||||||||||
Less: | ||||||||||||||||||||||||||||
Interest capitalized | - | - | - | - | - | 3.4 | 5.4 | |||||||||||||||||||||
Preferred dividend requirements of subsidiaries (pre-tax basis) (c) | 8.9 | 20.8 | 27.5 | 29.5 | 29.3 | 5.5 | 25.9 | |||||||||||||||||||||
Total earnings as defined | $ | 165.9 | $ | 461.9 | $ | 573.1 | $ | 828.8 | $ | 708.8 | $ | 179.6 | $ | 496.1 | ||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expense | $ | 113.8 | $ | 90.0 | $ | 125.8 | $ | 116.7 | $ | 145.7 | $ | 175.8 | $ | 176.9 | ||||||||||||||
Interest capitalized | - | - | - | - | - | 3.4 | 5.4 | |||||||||||||||||||||
Estimated interest component of rent expense | 25.1 | 28.1 | 33.2 | 39.4 | 38.4 | 42.0 | 30.6 | |||||||||||||||||||||
Preferred dividend requirements of subsidiaries (pre-tax basis) (c) | 8.9 | 20.8 | 27.5 | 29.5 | 29.3 | 5.5 | 25.9 | |||||||||||||||||||||
Total fixed charges as defined | $ | 147.8 | $ | 138.9 | $ | 186.5 | $ | 185.6 | $ | 213.4 | $ | 226.7 | $ | 238.8 | ||||||||||||||
Ratio of Earnings to Fixed Charges (d) | 1.12 | 3.33 | 3.07 | 4.47 | 3.32 | 0.79 | 2.08 | |||||||||||||||||||||
(a) For the year ended Dec. 31, 2005, earnings as defined were inadequate to cover fixed charges as defined by $47.1 million. | ||||||||||||||||||||||||||||
(b) Includes net interest related to unrecognized tax benefits. | ||||||||||||||||||||||||||||
(c) Preferred dividend requirements of subsidiaries (pre-tax basis) are computed by dividing the preferred dividend requirements of subsidiaries by one | ||||||||||||||||||||||||||||
hundred percent minus the respective year-to-date effective income tax rate. | ||||||||||||||||||||||||||||
(d) The ratio calculation in the above table relates to Alliant Energy Corporation's continuing operations. |
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10-Q Filing
Interstate Power & Light (IPLDP) 10-Q2009 Q3 Quarterly report
Filed: 30 Oct 09, 12:00am