Exhibit 12.1 | |||||||||||||||||||
GREAT PLAINS ENERGY INCORPORATED | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Year to Date | |||||||||||||||||||
June 30 | |||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||
(millions) | |||||||||||||||||||
Income from continuing operations | $ | 84.7 | $ | 151.9 | $ | 119.7 | $ | 120.9 | $ | 136.7 | $ | 142.9 | |||||||
Add | |||||||||||||||||||
Equity investment loss | 0.9 | 0.4 | 1.3 | 2.0 | 1.9 | 0.4 | |||||||||||||
Income subtotal | 85.6 | 152.3 | 121.0 | 122.9 | 138.6 | 143.3 | |||||||||||||
Add | |||||||||||||||||||
Taxes on income | 41.7 | 29.5 | 63.8 | 44.9 | 60.3 | 22.2 | |||||||||||||
Kansas City earnings tax | 0.4 | 0.4 | 0.3 | 0.5 | 0.5 | 0.5 | |||||||||||||
Total taxes on income | 42.1 | 29.9 | 64.1 | 45.4 | 60.8 | 22.7 | |||||||||||||
Interest on value of leased property | 3.1 | 6.5 | 3.6 | 3.9 | 4.1 | 6.2 | |||||||||||||
Interest on long-term debt | 107.9 | 203.6 | 126.2 | 74.1 | 62.6 | 64.3 | |||||||||||||
Interest on short-term debt | 4.6 | 10.3 | 18.2 | 26.4 | 9.2 | 4.5 | |||||||||||||
Other interest expense and amortization (a) | 0.1 | 4.7 | (1.4 | ) | 5.8 | 3.9 | 4.3 | ||||||||||||
Total fixed charges | 115.7 | 225.1 | 146.6 | 110.2 | 79.8 | 79.3 | |||||||||||||
Earnings before taxes on | |||||||||||||||||||
income and fixed charges | $ | 243.4 | $ | 407.3 | $ | 331.7 | $ | 278.5 | $ | 279.2 | $ | 245.3 | |||||||
Ratio of earnings to fixed charges | 2.10 | 1.81 | 2.26 | 2.53 | 3.50 | 3.09 | |||||||||||||
(a) | On January 1, 2007, Great Plains Energy elected to make an accounting policy change to recognize interest related | ||||||||||||||||||
to uncertain tax positions in interest expense. |
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10-Q Filing
Evergy Metro 10-Q2010 Q2 Quarterly report
Filed: 5 Aug 10, 12:00am