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Filing tables
Filing exhibits
- 10-K405 Annual report (delinquent filer disclosure)
- 2.2 Exhibit 2.2
- 4.211 Supplemental Indenture, Dated 12/1/89
- 4.212 Supplemental Indenture, Dated 2/15/90
- 4.213 Supplemental Indenture, Dated 11/30/92
- 4.214 Supplemental Indenture, Dated 4/1/93
- 4.215 Supplemental Indenture, Dated 4/26/93
- 4.216 Supplemental Indenture, Dated 6/30/93
- 4.217 Supplemental Indenture, Dated 9/15/93
- 4.218 Supplemental Indenture, Dated 6/15/94
- 4.219 Supplemental Indenture, Dated 8/15/94
- 4.220 Supplemental Indenture, Dated 12/1/94
- 4.221 Supplemental Indenture, Dated 8/1/95
- 10.40 Form of Indemnification Agreement
- 11.21 Basic & Diluted Earnings Per Share of Common Stock
- 12.28 Company Computation of Ratio of Earnings
- 12.29 Company Computation of Ratio of Earnings
- 21.5 Subsidiaries of the Company and Detroit Edison
- 23.14 Consent of Deloitte & Touche LLP
- 99.38 4TH Amendment & Restated Credit Agreement, 1/16/01
- 99.39 Order, Dated 1/4/01
DTE similar filings
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EXHIBIT 12-28
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31 | ||||||||||||||||||||
2000 | 1999 | 1998 | ||||||||||||||||||
(Millions, except for ratio and percent) | ||||||||||||||||||||
Net income | $ | 468 | $ | 483 | $ | 443 | ||||||||||||||
Taxes based on income: | ||||||||||||||||||||
Income taxes | 9 | 60 | 154 | |||||||||||||||||
Municipal and state | 3 | 3 | 3 | |||||||||||||||||
Total taxes based on income | 12 | 63 | 157 | |||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest on long-term debt | 260 | 279 | 279 | |||||||||||||||||
Amortization of debt discount, premium and expense | 11 | 18 | 11 | |||||||||||||||||
Other interest | 65 | 47 | 29 | |||||||||||||||||
Interest factor of rents | 34 | 34 | 34 | |||||||||||||||||
Preferred stock dividend factor | — | — | 7 | |||||||||||||||||
Total fixed charges | 370 | 378 | 360 | |||||||||||||||||
Earnings before taxes based on income and fixed charges | $ | 850 | $ | 924 | $ | 960 | ||||||||||||||
Ratio of earnings to fixed charges | 2.30 | 2.44 | 2.67 | |||||||||||||||||
Preferred stock dividends | $ | — | $ | — | $ | 6 | ||||||||||||||
Dividends meeting requirement of IRC Section 247 | N/A | N/A | 4 | |||||||||||||||||
Percent deductible for income tax purposes | N/A | N/A | 40.00 | % | ||||||||||||||||
Amount deductible | N/A | N/A | 2 | |||||||||||||||||
Amount not deductible | N/A | N/A | 4 | |||||||||||||||||
Ratio of pretax income to net income | N/A | N/A | 1.35 | |||||||||||||||||
Dividend factor for amount not deductible | N/A | N/A | 5 | |||||||||||||||||
Amount deductible | N/A | N/A | 2 | |||||||||||||||||
Total preferred stock dividend factor | $ | N/A | $ | N/A | $ | 7 | ||||||||||||||