- 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 |
8th grade Avg
|
- 10-Q Quarterly report
- 12 Exhibit 12
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 12.4 Exhibit 12.4
- 99 Exhibit 99
- 99.1 Exhibit 99.1
- 99.2 Exhibit 99.2
- 99.3 Exhibit 99.3
- 99.4 Exhibit 99.4
- 99.5 Exhibit 99.5
- 99.6 Exhibit 99.6
- 99.7 Exhibit 99.7
- 99.8 Exhibit 99.8
- 99.9 Exhibit 99.9
- 99.10 Exhibit 99.10
- 99.11 Exhibit 99.11
- 99.12 Exhibit 99.12
- 99.13 Exhibit 99.13
- 99.14 Exhibit 99.14
- 99.15 Exhibit 99.15
EXHIBIT 12.4
PSEG ENERGY HOLDINGS LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
|
| For the Quarters |
| For the Years Ended |
| |||||||||||||||||
|
|
|
| |||||||||||||||||||
|
| 2003 |
| 2002 |
| 2002 |
| 2001 |
| 2000 |
| 1999 |
| 1998 |
| |||||||
|
|
|
|
|
|
|
|
| ||||||||||||||
Earnings as Defined in Regulation S-K (A): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax Income from Continuing Operations |
| $ | 81 |
| $ | 5 |
| $ | (357 | ) | $ | 255 |
| $ | 176 |
| $ | 195 |
| $ | 116 |
|
Loss/(Income) from Equity Investees, Net of Distributions |
|
| 2 |
|
| 13 |
|
| 11 |
|
| (74 | ) |
| (11 | ) |
| 9 |
|
| 28 |
|
Fixed Charges |
|
| 55 |
|
| 57 |
|
| 229 |
|
| 199 |
|
| 157 |
|
| 105 |
|
| 96 |
|
Capitalized Interest |
|
| (4 | ) |
| (3 | ) |
| (12 | ) |
| (16 | ) |
| (21 | ) |
| (6 | ) |
| (1 | ) |
|
|
|
|
|
|
|
|
| ||||||||||||||
Earnings |
| $ | 134 |
| $ | 72 |
| $ | (129 | ) | $ | 364 |
| $ | 301 |
| $ | 303 |
| $ | 239 |
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Fixed Charges as Defined in Regulation S-K (B) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
| $ | 55 |
| $ | 57 |
| $ | 227 |
| $ | 196 |
| $ | 154 |
| $ | 102 |
| $ | 93 |
|
Interest Factor in Rentals |
|
| — |
|
| — |
|
| 2 |
|
| 3 |
|
| 3 |
|
| 3 |
|
| 3 |
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Total Fixed Charges |
| $ | 55 |
| $ | 57 |
| $ | 229 |
| $ | 199 |
| $ | 157 |
| $ | 105 |
| $ | 96 |
|
|
|
|
|
|
|
|
|
| ||||||||||||||
Ratio of Earnings to Fixed Charges (C) |
|
| 2.44 |
|
| 1.26 |
|
| (0.56 | ) |
| 1.83 |
|
| 1.92 |
|
| 2.89 |
|
| 2.49 |
|
|
|
|
|
|
|
|
|
|
(A)
The term “earnings” shall be defined as pretax income from continuing operations before income or loss from equity investees plus distributed income from equity investees. Add to pretax income the amount of fixed charges adjusted to exclude (a) the amount of any interest capitalized during the period.
(B)
Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense (c) an estimate of interest implicit in rentals.
(C)
The ratio of earnings to fixed charges for the year ended December 31, 2002 was (0.56), as noted above, which represents a deficiency of $358 million.