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Content analysis
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H.S. freshman Avg
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- 10-K Annual report
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 23.1 Exhibit 23.1
- 23.2 Exhibit 23.2
- 23.3 Exhibit 23.3
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 31.5 Exhibit 31.5
- 31.6 Exhibit 31.6
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- 32.5 Exhibit 32.5
- 32.6 Exhibit 32.6
| EXHIBIT 12.2 | ||||||||||||||||
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| NEVADA POWER COMPANY | ||||||||||||||||
| RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||||||||
| (Dollars in Thousands) | ||||||||||||||||
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| Year Ended December 31, |
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| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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| EARNINGS AS DEFINED: |
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| Net Income | $ | 257,738 |
| $ | 132,586 |
| $ | 185,943 |
| $ | 134,284 |
| $ | 151,431 |
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| Income tax expense |
| 138,113 |
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| 70,737 |
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| 91,757 |
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| 61,652 |
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| 71,382 |
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| Fixed Charges |
| 220,470 |
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| 233,788 |
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| 240,830 |
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| 247,290 |
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| 210,067 |
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| Capitalized Interest (allowance for |
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| borrowed funds used during construction) |
| (5,437) |
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| (6,770) |
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| (21,443) |
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| (17,184) |
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| (20,063) |
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| Total | $ | 610,884 |
| $ | 430,341 |
| $ | 497,087 |
| $ | 426,042 |
| $ | 412,817 |
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| FIXED CHARGES AS DEFINED: |
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| Interest Expensed and Capitalized (1) | $ | 220,470 |
| $ | 233,788 |
| $ | 240,830 |
| $ | 247,290 |
| $ | 210,067 |
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| Total | $ | 220,470 |
| $ | 233,788 |
| $ | 240,830 |
| $ | 247,290 |
| $ | 210,067 |
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| RATIO OF EARNINGS TO FIXED |
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| CHARGES |
| 2.77 |
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| 1.84 |
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| 2.06 |
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| 1.72 |
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| 1.97 |
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(1) | Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense. |
For the purpose of calculating the ratios of earnings to fixed charges, “Earnings” represents net income adjusted for income taxes plus fixed charges (excluding capitalized interest). “Fixed Charges” represent the aggregate of interest charges on long-term debt (whether expensed or capitalized) and the portion of rental expense deemed attributable to interest.