Exhibit 12.1 | |||||||||||||||||||
GREAT PLAINS ENERGY INCORPORATED | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Year to Date | |||||||||||||||||||
June 30 | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||
(millions) | |||||||||||||||||||
Income (loss) from continuing operations | $ | 48.8 | $ | 174.2 | $ | 211.9 | $ | 151.9 | $ | 119.7 | $ | 120.9 | |||||||
Add | |||||||||||||||||||
Equity investment loss | 0.1 | 0.1 | 1.0 | 0.4 | 1.3 | 2.0 | |||||||||||||
Income subtotal | 48.9 | 174.3 | 212.9 | 152.3 | 121.0 | 122.9 | |||||||||||||
Add | |||||||||||||||||||
Income tax expense (benefit) | 22.3 | 84.8 | 99.0 | 29.5 | 63.8 | 44.9 | |||||||||||||
Kansas City earnings tax | - | - | 0.1 | 0.4 | 0.3 | 0.5 | |||||||||||||
Total taxes on income | 22.3 | 84.8 | 99.1 | 29.9 | 64.1 | 45.4 | |||||||||||||
Interest on value of leased property | 2.9 | 5.9 | 6.2 | 6.5 | 3.6 | 3.9 | |||||||||||||
Interest on long-term debt | 118.2 | 223.2 | 218.9 | 203.6 | 126.2 | 74.1 | |||||||||||||
Interest on short-term debt | 4.0 | 11.8 | 9.7 | 10.3 | 18.2 | 26.4 | |||||||||||||
Other interest expense and amortization (a) | 3.4 | 11.6 | 9.7 | 4.7 | (1.4 | ) | 5.8 | ||||||||||||
Total fixed charges | 128.5 | 252.5 | 244.5 | 225.1 | 146.6 | 110.2 | |||||||||||||
Earnings before taxes on | |||||||||||||||||||
income and fixed charges | $ | 199.7 | $ | 511.6 | $ | 556.5 | $ | 407.3 | $ | 331.7 | $ | 278.5 | |||||||
Ratio of earnings to fixed charges | 1.55 | 2.03 | 2.28 | 1.81 | 2.26 | 2.53 | |||||||||||||
(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-Q2012 Q2 Quarterly report
Filed: 8 Aug 12, 12:00am