- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
- 10-K Annual report
- 10.21 EX-10.21
- 10.22 EX-10.22
- 10.26 EX-10.26
- 10.27 EX-10.27
- 10.40 EX-10.40
- 12.1 EX-12.1
- 12.2 EX-12.2
- 21 EX-21
- 23.1 EX-23.1
- 23.2 EX-23.2
- 23.3 EX-23.3
- 31.1 EX-31.1
- 31.2 EX-31.2
- 31.3 EX-31.3
- 31.4 EX-31.4
- 32.1 EX-32.1
- 32.2 EX-32.2
- 95 EX-95
- Download Excel data file
- View Excel data file
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 Dec. 31, |
| |||||||||||||||||
(millions) |
| 2014 |
|
| 2013 |
|
| 2012 |
|
| 2011 |
|
| 2010 |
| |||||
Income from continuing operations, before income taxes |
| $ | 416.2 |
|
| $ | 364.4 |
|
| $ | 368.9 |
|
| $ | 380.7 |
|
| $ | 386.6 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 115.8 |
|
|
| 112.7 |
|
|
| 129.9 |
|
|
| 141.9 |
|
|
| 143.9 |
|
Earnings before taxes and fixed charges |
| $ | 532.0 |
|
| $ | 477.1 |
|
| $ | 498.8 |
|
| $ | 522.6 |
|
| $ | 530.5 |
|
Interest expense |
| $ | 115.8 |
|
| $ | 112.7 |
|
| $ | 129.9 |
|
| $ | 141.9 |
|
| $ | 143.9 |
|
Total fixed charges |
| $ | 115.8 |
|
| $ | 112.7 |
|
| $ | 129.9 |
|
| $ | 141.9 |
|
| $ | 143.9 |
|
Ratio of earnings to fixed charges |
|
| 4.59x |
|
|
| 4.23x |
|
|
| 3.84x |
|
|
| 3.68x |
|
|
| 3.69x |
|
For the purposes of calculating these ratios, earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest expense on indebtedness, amortization of debt premium and an estimate of the interest component of rentals. Interest expense includes total interest expense, excluding AFUDC, and an estimate of the interest component of rentals.