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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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- 10-K Annual report
- 10.15 Exhibit 10.15
- 10.16 Exhibit 10.16
- 10.17 Exhibit 10.17
- 10.18 Exhibit 10.18
- 10.19 Exhibit 10.19
- 10.25 Exhibit 10.25
- 10.26 Exhibit 10.26
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 12.4 Exhibit 12.4
- 13.1 Exhibit 13.1
- 21.1 Exhibit 21.1
- 21.2 Exhibit 21.2
- 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
- 31.7 Exhibit 31.7
- 31.8 Exhibit 31.8
- 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
- 32.7 Exhibit 32.7
- 32.8 Exhibit 32.8
- 99.1 Exhibit 99.1
- 99.2 Exhibit 99.2
- PDF Form 10-K (PDF Courtesy Copy)
- 13.1 Exhibit 13.1 (PDF Courtesy Copy)
Exhibit 12.3
EXHIBIT 12.3 |
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PACIFIC ENTERPRISES |
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COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES |
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AND PREFERRED STOCK DIVIDENDS |
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(Dollars in millions) |
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| 2004 |
| 2005 |
| 2006 |
| 2007 |
| 2008 |
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Fixed Charges: |
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Interest |
| $ 47 |
| $ 55 |
| $ 78 |
| $ 78 |
| $ 68 |
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Interest portion of annual rentals |
| 2 |
| 3 |
| 4 |
| 3 |
| 2 |
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Preferred dividends of subsidiary (1) |
| 2 |
| 2 |
| 2 |
| 2 |
| 2 |
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Total fixed charges |
| 51 |
| 60 |
| 84 |
| 83 |
| 72 |
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Preferred stock dividends |
| 7 |
| 6 |
| 6 |
| 6 |
| 6 |
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Combined fixed charges and preferred stock dividends for purpose of ratio |
| $ 58 |
| $ 66 |
| $ 90 |
| $ 89 |
| $ 78 |
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Earnings: |
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Pretax income from continuing operations |
| $ 390 |
| $ 324 |
| $ 425 |
| $ 407 |
| $ 393 |
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Total fixed charges (from above) |
| 51 |
| 60 |
| 84 |
| 83 |
| 72 |
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Less: Interest capitalized |
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| - |
| - |
| 1 |
| 1 |
| - |
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Total earnings for purpose of ratio |
| $ 441 |
| $ 384 |
| $ 508 |
| $ 489 |
| $ 465 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| 7.60 |
| 5.82 |
| 5.64 |
| 5.49 |
| 5.96 |
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Ratio of earnings to fixed charges |
| 8.65 |
| 6.40 |
| 6.05 |
| 5.89 |
| 6.46 |
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(1) In computing this ratio, “Preferred dividends of subsidiary” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods. |
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