Exhibit 12.2 | ||||||||||||||||||||
KANSAS CITY POWER & LIGHT COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year to date | ||||||||||||||||||||
September 30 | ||||||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||
Income from continuing operations | (thousands) | |||||||||||||||||||
before cumulative effect of changes | ||||||||||||||||||||
in accounting principle | $ | 117,425 | $ | 125,845 | $ | 102,666 | $ | 116,065 | $ | 53,014 | $ | 82,485 | ||||||||
Add: | ||||||||||||||||||||
Equity investment (income) loss | - | - | - | (23,516 | ) | 22,994 | 22,328 | |||||||||||||
Minority interests in subsidiaries | (3,804 | ) | (1,263 | ) | - | (897 | ) | - | - | |||||||||||
Income subtotal | 113,621 | 124,582 | 102,666 | 91,652 | 76,008 | 104,813 | ||||||||||||||
Add: | ||||||||||||||||||||
Taxes on income | 63,946 | 83,572 | 62,857 | 31,935 | 7,926 | 4,707 | ||||||||||||||
Kansas City earnings tax | 592 | 418 | 635 | 583 | 421 | 602 | ||||||||||||||
Total taxes on income | 64,538 | 83,990 | 63,492 | 32,518 | 8,347 | 5,309 | ||||||||||||||
Interest on value of leased | ||||||||||||||||||||
property | 4,744 | 5,944 | 7,093 | 10,679 | 11,806 | 8,577 | ||||||||||||||
Interest on long-term debt | 47,612 | 57,697 | 63,845 | 78,915 | 57,896 | 51,327 | ||||||||||||||
Interest on short-term debt | 381 | 560 | 1,218 | 8,883 | 11,050 | 3,178 | ||||||||||||||
Mandatorily redeemable Preferred | ||||||||||||||||||||
Securities | - | 9,338 | 12,450 | 12,450 | 12,450 | 12,450 | ||||||||||||||
Other interest expense | ||||||||||||||||||||
and amortization | 2,883 | 4,067 | 3,772 | 5,188 | 2,927 | 3,573 | ||||||||||||||
Total fixed charges | 55,620 | 77,606 | 88,378 | 116,115 | 96,129 | 79,105 | ||||||||||||||
Earnings before taxes on | ||||||||||||||||||||
income and fixed charges | $ | 233,779 | $ | 286,178 | $ | 254,536 | $ | 240,285 | $ | 180,484 | $ | 189,227 | ||||||||
Ratio of earnings to fixed charges | 4.20 | 3.69 | 2.88 | 2.07 | 1.88 | 2.39 | ||||||||||||||
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10-Q Filing
Evergy Metro 10-Q2004 Q3 Quarterly report
Filed: 5 Nov 04, 12:00am