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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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- 10-K Annual report
- 2 Asset Sale Agreement
- 2 Asset Contribution Agreement
- 2 Operating Agree of American Transmission Co LLC
- 3 Bylaws for WPS Resources Corp
- 3 Bylaws for Wis Public Service Corp
- 10 Executive Employment & Severance Agreement
- 10 Executive Employment & Severance Agreement
- 10 WPS Resources Deferred Compensation Plan
- 10 WPS Resources Omnibus Incentive Compensation
- 10 WPS Resources Non-employee Dir Def Comp
- 10 WPS Resources Short-term Variable Pay Plan
- 10 Equity Contribution Agreement
- 10 Guaranty Agreement
- 10 Transitional Power Purchase Agreement
- 10 Credit Agreement Dated April 14, 2000
- 12 WPS Resources Ratio of Earnings to Fixed Charges
- 21 Subsidiaries of the Registrant
- 23 Consent of Independent Public Accountants
- 24 Powers of Attorney
Exhibit 12 | |||||||||
WPS Resources Corporation | |||||||||
Ratio of Earnings to Fixed Charges and | |||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends | |||||||||
2000 | 1999 | 1998 | 1997 | 1996 | 1995 | ||||
EARNINGS | |||||||||
Net income | 66,993 | 59,565 | 46,631 | 55,809 | 52,885 | 60,634 | |||
Federal and state income taxes | 6,005 | 29,741 | 23,445 | 31,106 | 27,216 | 33,494 | |||
Net pretax income | 72,998 | 89,306 | 70,076 | 86,915 | 80,101 | 94,128 | |||
Fixed charges | 62,429 | 45,405 | 36,310 | 37,533 | 35,822 | 35,818 | |||
Subtract preference dividend | |||||||||
requirement | 3,378 | 4,588 | 4,606 | 4,791 | 4,657 | 4,783 | |||
Total earnings as defined | 132,049 | 130,123 | 101,780 | 119,657 | 111,266 | 125,163 | |||
FIXED CHARGES | |||||||||
Interest on long-term debt, | |||||||||
including related amort. | 41,677 | 27,162 | 23,987 | 26,273 | 25,494 | 26,839 | |||
Other interest | 11,855 | 8,507 | 4,827 | 4,910 | 3,922 | 2,677 | |||
Distributions-preferred securities | |||||||||
of subsidiary trust | 3,501 | 3,501 | 1,488 | 0 | 0 | 0 | |||
Interest factor applicable to | |||||||||
rentals | 2,018 | 1,647 | 1,402 | 1,559 | 1,749 | 1,519 | |||
Fixed charges before preferred | |||||||||
dividend requirement | 59,051 | 40,817 | 31,704 | 32,742 | 31,165 | 31,035 | |||
Ratio of earnings to fixed | |||||||||
charges | 2.24 | 3.19 | 3.21 | 3.65 | 3.57 | 4.03 | |||
Preferred dividends (grossed up) | |||||||||
(see below) | 3,378 | 4,588 | 4,606 | 4,791 | 4,657 | 4,783 | |||
Total fixed charges including | |||||||||
preferred dividend | 62,429 | 45,405 | 36,310 | 37,533 | 35,822 | 35,818 | |||
Ratio of earnings to fixed charges | |||||||||
and preferred dividends | 2.12 | 2.87 | 2.80 | 3.19 | 3.11 | 3.49 | |||
PREFERRED DIVIDEND CALCULATION: | |||||||||
Preferred dividends | 3,111 | 3,111 | 3,132 | 3,133 | 3,134 | 3,136 | |||
Tax rate | 7.90% | 32.20% | 32.00% | 34.60% | 32.70% | 34.44% | |||
Preferred dividends (grossed up) | 3,378 | 4,588 | 4,606 | 4,791 | 4,657 | 4,783 | |||