Tampa Electric 10-K2004 FY Annual report

Filed: 15 Mar 05, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: ABPO, absent, Accountingfor, accrual, acknowledged, adjunct, advice, affirmative, affirmed, affirming, AGC, alloy, AMT, andLiquidity, andRegulation, Andrew, andSignificant, annum, AOCI, APB, Appalachian, appellate, ARO, arose, arrived, ash, auditor, aware, backfill, Baltic, band, BB, bed, belt, bidder, binding, blast, Blume, BOA, body, Brandon, bright, British, bull, car, carrier, carryforward, catalytic, Centrica, Centroamericana, cessation, CGE, channel, Chapter, Charley, chemical, China, chronic, Circular, Citicorp, claimant, clarification, climb, Colombia, Colombian, Comegsa, commonly, complaint, compliant, concept, conduit, confidentiality, consensual, consummated, contemplated, contrast, conveyor, Corbin, COSO, costly, Coughlin, count, CPI, crude, crushing, CSXT, culture, customary, cut, damage, damaged, Daryl, database, Davant, DECA, Decatur, deconsolidated, deconsolidating, deconsolidation, defend, defending, defense, deficiency, deficit, degradation, Deloitte, dense, deposit, depth, destructive, diminished, disease, dissented, dissolved, distinct, Distribuidora, disturb, diversification, doubtful, dozer, dual, dull, Earnout, earth, ECRC, elevation, employ, employed, Energica, equivalence, equivalent, escrow, escrowed, Escuintla, ethical, evolved, excavate, exhaustion, exhaustive, expiry, export, extinguish, extinguishment, extracted, extraction, Fahrenheit, farther, fault, feature, feedstock, fell, floating, footprint, foreseeable, frame, FSP, fusion, Geller, goal, God, Golder, Great, ground, Guide, halt, hard, Hazard, heretofore, Highwall, holder, hole, hundred, hurricane, idle, immaterial, implied, inconsequential, India, inhalation, injected, Injection, injured, injury, inquiry, insufficient, interaction, interbank, INVELCA, iron, itsTampa, Jeanne, Jos, Jul, Korpak, la, layer, left, lender, length, Lerach, liable, lien, Likewise, linked, litigation, loader, London, longstanding, loosened, lose, lung, lying, machine, main, majeure, map, Marder, Masagua, Master, McMullen, meaningful, Mega, melting, Mercantile, metallic, metric, mid, milder, mile, Millard, mineability, mineable, MMA, modest, moisture, Monroe, Mosaic, Myra, native, newest, newly, NOL, Nonmonetary, Norfolk, northeast, obstructive, occupational, ofMD, ofNote, Oldsmar, OPEB, opine, opposition, oven, overburden, overfunding, overlying, owed, Paragraph, path, PCI, persisted, persistent, phantom, physician, pillar, plaintiff, plc, pleading, PLR, pound, precluded, presumption, prevailing, prime, proforma, prolonged, proportionate, proximity, PSEG, PUHCA, pulmonary, pulverized, put, quotation, rail, railroad, rapid, Ratification, rebid, rebidding, recognizable, recontouring, rectangular, recur, recurring, redefine, reform, reshaping, resource, rest, rethought, retreated, revealed, room, royalty, Rudman, Run, saleable, sampling, satisfaction, SCR, scrap, scrapped, scrapping, securitized, seeCapital, seeCredit, seeGlossary, SeeLiquidity, seeOther, seeOverview, seethe, SeeTPGC, shape, shipment, showing, shuttle, silicon, similarly, Sindicato, skilled, sooner, sound, SOX, spiking, sponsor, Sponsoring, statistical, steady, steering, step, Stevedoring, Stoia, stoker, strata, strategic, StrategyandRegulation, stratum, subcontracted, subsidence, succeeding, sworn, systematically, TCW, TEC, technique, temperature, Temple, Tenaska, Terrace, theDiscontinued, theFinancing, theGlossary, theIncome, theLiquidity, theMarket, theNote, thePurchased, thereunder, Thermal, theTampa, threshold, Tipple, titledLiquidity, toConsolidated, tonnage, topsoil, Touche, toxic, track, transparency, traumatic, TRC, Treadway, treated, treating, TRELEC, triennial, trucking, Unassigned, unauthorized, uncollectible, uncontracted, underestimated, underTECO, underwent, undistributed, unfinished, unforeseen, unfulfilled, unprofitable, unrecognizable, upgraded, UPP, upward, urban, variation, vast, venue, verified, versa, vessel, viable, vigorously, warranted, warranty, wash, washing, western, wet, widespread, withdrawal, withheld, withholding, worker, worthy, yardstick

Removed: add, American, Beach, Daytona, deduction, FIPUG, Fort, global, Lakeland, Ocala, Orlando, Panama, Petersburg, rankin, Sept, St, stipulation, substitution, swing, Unamortized, voting

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Tampa Electric similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.2

TAMPA ELECTRIC COMPANY

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Tampa Electric Company’s ratio of earnings to fixed charges for the periods indicated.


	Year Ended December 31,
(millions)	2004			2003			2002			2001			2000
Income from continuing operations, before income tax	$	274.9		$	187.4		$	296.8		$	275.1		$	262.3
Interest expense		115.9			112.6			80.4			81.8			84.7

Earnings before taxes and fixed charges	$	390.8		$	300.0		$	377.2		$	356.9		$	347.0

Interest expense	$	115.9		$	112.6		$	80.4		$	81.8		$	84.7
Interest on refunding bonds		(0.7	)		(0.7	)		(0.9	)		(1.0	)		(1.0	)

Total fixed charges	$	115.2		$	111.9		$	79.5		$	80.8		$	83.7

Ratio of earnings to fixed charges		3.39	x		2.68	x		4.74	x		4.42	x		4.15	x

For the purposes of calculating these ratios, earnings consist of income from continuing operations before income taxes, income or loss from equity investments and fixed charges. Fixed charges consist of interest expense on indebtedness, amortization of debt premium, the interest component of rentals and preferred stock dividend requirements. Tampa Electric Company had a significant non-cash charge in the 2003 period presented. Reference is made to the financial statements and related notes and the sections titled “Management’s Discussion & Analysis of Financial Condition & Results of Operations” herein as well as in Tampa Electric Company’s Annual Report on Form 10-K for that year.

Interest expense includes total interest expense, excluding AFUDC, and an estimate of the interest component of rentals.