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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 12.2 | |||||||||||||||||
SAN DIEGO GAS & ELECTRIC COMPANY | |||||||||||||||||
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 |
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Fixed Charges and Preferred Stock Dividends: |
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Interest |
| $ | 107 |
| $ | 118 |
| $ | 153 |
| $ | 193 |
| $ | 220 |
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Interest portion of annual rentals |
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| 1 |
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| 1 |
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| 1 |
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| 1 |
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| 1 |
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Total fixed charges |
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| 108 |
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| 119 |
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| 154 |
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| 194 |
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| 221 |
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Preferred stock dividends (1) |
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| 7 |
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| 7 |
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| 7 |
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| 7 |
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| 7 |
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Combined fixed charges and preferred stock dividends for purpose of ratio |
| $ | 115 |
| $ | 126 |
| $ | 161 |
| $ | 201 |
| $ | 228 |
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Earnings: |
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Pretax income from continuing operations |
| $ | 451 |
| $ | 550 |
| $ | 531 |
| $ | 692 |
| $ | 705 |
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Total fixed charges (from above) |
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| 108 |
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| 119 |
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| 154 |
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| 194 |
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| 221 |
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Less: Interest capitalized |
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| 13 |
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| 4 |
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| 1 |
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| 1 |
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| - |
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Total earnings for purpose of ratio |
| $ | 546 |
| $ | 665 |
| $ | 684 |
| $ | 885 |
| $ | 926 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
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| 4.75 |
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| 5.28 |
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| 4.25 |
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| 4.40 |
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| 4.06 |
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Ratio of earnings to fixed charges |
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| 5.06 |
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| 5.59 |
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| 4.44 |
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| 4.56 |
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| 4.19 |
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(1) | In computing this ratio, “Preferred stock dividends” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods. |