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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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- 10-K Annual report
- 10.21 Exhibit 10.21
- 10.22 Exhibit 10.22
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 21.1 Exhibit 21.1
- 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
- 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
- 13.1 Exhibit 13.1
- PDF 10-K PDF Courtesy Copy
- 13 Ex 13.1 PDF Courtesy Copy
EXHIBIT 12.1 | ||||||||||||||||
SEMPRA ENERGY | ||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES | ||||||||||||||||
AND PREFERRED STOCK DIVIDENDS | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||
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| 2008 |
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| 2009 |
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| 2010 |
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| 2011 |
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| 2012 | |
Fixed charges and preferred stock dividends: |
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Interest |
| $ | 353 |
| $ | 455 |
| $ | 492 |
| $ | 549 |
| $ | 601 | |
Interest portion of annual rentals |
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| 3 |
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| 2 |
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| 3 |
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| 2 |
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| 2 | |
Preferred dividends of subsidiaries (1) |
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| 13 |
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| 13 |
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| 11 |
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| 10 |
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| 6 | |
Total fixed charges |
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| 369 |
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| 470 |
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| 506 |
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| 561 |
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| 609 | |
Preferred dividends for purpose of ratio |
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| - |
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| - |
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| - |
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| - |
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| - | |
Total fixed charges and preferred dividends for purpose of ratio |
| $ | 369 |
| $ | 470 |
| $ | 506 |
| $ | 561 |
| $ | 609 | |
Earnings: |
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Pretax income from continuing operations before adjustment for income or loss from equity investees |
| $ | 1,009 |
| $ | 977 |
| $ | 1,078 |
| $ | 1,747 |
| $ | 1,255 | |
Add: |
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Total fixed charges (from above) |
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| 369 |
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| 470 |
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| 506 |
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| 561 |
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| 609 | |
Distributed income of equity investees |
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| 133 |
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| 493 |
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| 260 |
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| 96 |
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| 50 | |
Less: |
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Interest capitalized |
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| 100 |
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| 73 |
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| 74 |
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| 27 |
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| 53 | |
Preferred dividends of subsidiaries (1) |
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| 10 |
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| 13 |
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| 11 |
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| 10 |
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| 6 | |
Total earnings for purpose of ratio |
| $ | 1,401 |
| $ | 1,854 |
| $ | 1,759 |
| $ | 2,367 |
| $ | 1,855 | |
Ratio of earnings to combined fixed charges and preferred stock dividends |
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| 3.80 |
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| 3.94 |
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| 3.48 |
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| 4.22 |
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| 3.05 | |
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Ratio of earnings to fixed charges |
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| 3.80 |
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| 3.94 |
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| 3.48 |
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| 4.22 |
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| 3.05 | |
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(1) | In computing this ratio, “Preferred dividends of subsidiaries” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods. |