Integrys Holding (TEG) Inactive 10-Q2012 Q1 Quarterly report

Filed: 3 May 12, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	8th grade Avg

New words: absent, accept, amendatory, American, ancillary, argued, argument, awarded, BBB, clarification, combustion, Commitment, correlation, Crane, Creek, cyber, deadline, decided, Defense, depleted, Detroit, difficult, directionally, disaggregate, distinct, docket, earliest, essential, excellent, experience, extrapolate, framework, function, identical, inflation, insert, invalidate, issuable, issuer, landfill, leave, lifted, meaningful, month, motion, NDAA, nonperformance, Notice, observable, online, opposite, oral, organization, oversight, overturning, owner, precedent, predefined, PTI, readily, restoration, satisfy, shaping, solicit, standing, strategic, strong, submission, terrorism, Topic, turbine, unamortized, unbilled, unclear, unknown, unobservable, unplanned, Unusual, uphold, venture, version

Removed: account, Accountability, accrual, Add, Adjustable, adversely, agree, assessed, attract, bankruptcy, barring, begin, biennial, boiler, budget, build, burn, Canadian, capturing, category, CIP, cleaner, coke, colder, consent, consisted, continued, Corporation, County, created, cumulative, declining, decree, Deduct, demand, discontinuance, dismantling, disposal, Duke, EEP, effort, establish, evaluate, executed, Exempt, extending, favor, feasible, fewer, finance, GM, Governor, greater, greatest, guarantee, hybrid, improve, indirect, individual, intermediate, IRS, ITC, labor, line, loaned, local, making, Marine, matured, merger, methodology, mix, offering, OO, Outboard, personal, physically, policy, prepared, protesting, pulverized, pursuant, pursuing, receiving, recently, Refunding, registration, reopener, replaced, retention, retrospectively, Schuylkill, season, selected, shelf, shipper, size, software, spending, Stabilization, strategy, subsequent, substantially, sufficient, Taxpayer, technical, terrorist, therm, traced, underway, unfavorable, Waukegan, Westwood, workforce, worth, WRPC

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

TEG similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

INTEGRYS ENERGY GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended March 31			For the Years Ended December 31
(Millions, except ratio)	2012			2011			2010			2009			2008			2007

EARNINGS
Net income (loss) from continuing operations	$	97.8		$	230.9		$	223.5		$	(70.3	)	$	114.8		$	181.0
Provision for income taxes	46.8			133.9			148.2			83.7			61.1			86.0

Income from continuing operations before income taxes	144.6			364.8			371.7			13.4			175.9			267.0
Less:
Undistributed earnings of less than 50% owned affiliates	(4.1		)	(15.8		)	(14.8		)	(16.2		)	(16.4		)	3.8
Preferred stock dividends of subsidiary (a)	(1.2		)	(5.1		)	(5.3		)	0.7			(4.8		)	(5.2		)
Interest capitalized (b)	—			—			—			(0.2		)	—			—

Adjusted income (loss) from continuing operations before income taxes	139.3			343.9			351.6			(2.3		)	154.7			265.6
Total fixed charges as defined	32.7			138.3			158.8			172.3			170.5			174.6

Total earnings as defined	$	172.0		$	482.2		$	510.4		$	170.0		$	325.2		$	440.2

FIXED CHARGES
Interest expense	$	30.5		$	128.8		$	147.9		$	164.8		$	158.1		$	164.5
Interest capitalized (c)	0.1			0.3			0.6			2.6			2.0			0.3
Interest factor applicable to rentals	0.9			4.1			5.0			5.6			5.6			4.6
Preferred stock dividends of subsidiary (a)	1.2			5.1			5.3			(0.7		)	4.8			5.2

Total fixed charges as defined	$	32.7		$	138.3		$	158.8		$	172.3		$	170.5		$	174.6

RATIO OF EARNINGS TO FIXED CHARGES	5.3			3.5			3.2			(d)			1.9			2.5

(a)		Preferred stock dividends of subsidiary are computed by dividing the preferred stock dividends of subsidiary by 100% minus the income tax rate.

(b)		Includes interest capitalized for the nonregulated segments.

(c)		Includes allowance for funds used during construction.

(d)		For 2009, earnings were inadequate to cover fixed charges by $2.3 million, driven by a pre-tax noncash goodwill impairment loss of $291.1 million.