EXHIBIT 12.1
MIDAMERICAN ENERGY HOLDINGS COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
MIDAMERICAN ENERGY HOLDINGS COMPANY
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TWELVE MONTHS MARCH 14, 2000 JANUARY 1, 2000 TWELVE MONTHS
ENDED THROUGH THROUGH ENDED
DECEMBER 31, 2001 DECEMBER 31, 2000 MARCH 13, 2000 DECEMBER 31, 1999
Income before minority interest $ 253,820 $ 165,927 $ 60,162 $ 263,594
Add (Deduct):
Provision for income taxes 250,064 53,277 31,008 93,475
Interest expense 499,263 396,773 101,330 496,578
Less interest capitalized (86,469) (85,369) (15,516) (70,405)
Amortization of deferred financing and bank fees 20,529 18,310 4,075 18,181
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683,387 382,991 120,897 537,829
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EARNINGS AVAILABLE FOR FIXED CHARGES 937,207 548,918 181,059 801,423
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Fixed Charges:
Interest expense 499,263 396,773 101,330 496,578
Amortization of deferred financing and bank fees 20,529 18,310 4,075 18,181
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TOTAL FIXED CHARGES 519,792 415,083 105,405 514,759
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RATIO OF EARNINGS TO FIXED CHARGES 1.8 1.3 1.7 1.6
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MIDAMERICAN ENERGY HOLDINGS COMPANY
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TWELVE MONTHS TWELVE MONTHS NINE MONTHS NINE MONTHS
ENDED ENDED ENDED ENDED
DECEMBER 31, 1998 DECEMBER 31, 1997 SEPTEMBER 30, 2002 SEPTEMBER 30, 2001
Income before minority interest $ 178,788 $ 97,816 $ 411,966 $ 206,641
Add (Deduct):
Provision for income taxes 93,265 99,044 80,226 296,088
Interest expense 406,084 296,364 462,998 362,163
Less interest capitalized (58,792) (45,059) (24,128) (72,010)
Amortization of deferred financing and bank fees 21,723 33,792 32,589 15,542
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462,280 384,141 551,685 601,783
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EARNINGS AVAILABLE FOR FIXED CHARGES 641,068 481,957 963,651 808,424
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Fixed Charges:
Interest expense 406,084 296,364 462,998 362,163
Amortization of deferred financing and bank fees 21,723 33,792 32,589 15,542
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TOTAL FIXED CHARGES 427,807 330,156 495,587 377,705
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RATIO OF EARNINGS TO FIXED CHARGES 1.5 1.5 1.9 2.1
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