- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
Exhibit 12.2
ARIZONA PUBLIC SERVICE COMPANY
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
|
| Six Months Ended |
| Twelve Months Ended December 31, |
| ||||||||||||||
|
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| ||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Income from continuing operations attributable to common shareholders |
| $ | 75,625 |
| $ | 335,663 |
| $ | 251,225 |
| $ | 262,344 |
| $ | 283,940 |
| $ | 269,730 |
|
Income taxes |
| 48,030 |
| 170,465 |
| 152,574 |
| 107,261 |
| 151,157 |
| 138,927 |
| ||||||
Fixed charges |
| 118,831 |
| 234,184 |
| 227,274 |
| 206,896 |
| 195,144 |
| 184,059 |
| ||||||
Total earnings |
| $ | 242,486 |
| $ | 740,312 |
| $ | 631,073 |
| $ | 576,501 |
| $ | 630,241 |
| $ | 592,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest charges |
| $ | 114,320 |
| $ | 225,269 |
| $ | 218,969 |
| $ | 197,964 |
| $ | 186,702 |
| $ | 176,459 |
|
Amortization of debt discount |
| 2,321 |
| 4,559 |
| 4,675 |
| 4,702 |
| 4,639 |
| 4,363 |
| ||||||
Estimated interest portion of annual rents |
| 2,190 |
| 4,356 |
| 3,630 |
| 4,230 |
| 3,803 |
| 3,237 |
| ||||||
Total fixed charges |
| $ | 118,831 |
| $ | 234,184 |
| $ | 227,274 |
| $ | 206,896 |
| $ | 195,144 |
| $ | 184,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ratio of Earnings to Fixed Charges (rounded down) |
| 2.04 |
| 3.16 |
| 2.77 |
| 2.78 |
| 3.22 |
| 3.22 |
| ||||||