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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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- 10-K Annual report
- 10.20 Exhibit 10.20
- 10.21 Exhibit 10.21
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 12.4 Exhibit 12.4
- 13 Exhibit 13
- 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
EXHIBIT 12.3 | |||||||||||
PACIFIC ENTERPRISES | |||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES | |||||||||||
AND PREFERRED STOCK DIVIDENDS | |||||||||||
(Dollars in millions) | |||||||||||
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| 2006 |
| 2007 |
| 2008 |
| 2009 |
| 2010 | |
Fixed Charges: |
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Interest |
| $ 78 |
| $ 78 |
| $ 68 |
| $ 75 |
| $ 72 | |
Interest portion of annual rentals |
| 4 |
| 3 |
| 2 |
| 1 |
| 2 | |
Preferred dividends of subsidiary (1) |
| 2 |
| 2 |
| 2 |
| 2 |
| 2 | |
Total fixed charges |
| 84 |
| 83 |
| 72 |
| 78 |
| 76 | |
Preferred stock dividends (1) |
| 6 |
| 6 |
| 6 |
| 6 |
| 6 | |
Combined fixed charges and preferred stock dividends for purpose of ratio |
| $ 90 |
| $ 89 |
| $ 78 |
| $ 84 |
| $ 82 | |
Earnings: |
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Pretax income from continuing operations |
| $ 426 |
| $ 408 |
| $ 394 |
| $ 415 |
| $ 465 | |
Total fixed charges (from above) |
| 84 |
| 83 |
| 72 |
| 78 |
| 76 | |
Less: Interest capitalized |
| 1 |
| 1 |
| - |
| 1 |
| 1 | |
Less: Preferred dividends of subsidiary (1) |
| 1 |
| 1 |
| 1 |
| 2 |
| 1 | |
Total earnings for purpose of ratio |
| $ 508 |
| $ 489 |
| $ 465 |
| $ 490 |
| $ 539 | |
Ratio of earnings to combined fixed charges and preferred stock dividends |
| 5.64 |
| 5.49 |
| 5.96 |
| 5.83 |
| 6.57 | |
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Ratio of earnings to fixed charges |
| 6.05 |
| 5.89 |
| 6.46 |
| 6.28 |
| 7.09 | |
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(1) | In computing this ratio, “Preferred dividends of subsidiary” and "Preferred stock dividends" represent the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods. |