Attached files
Exhibit 12.1 | |||||||||||||||||||||
GREAT PLAINS ENERGY INCORPORATED
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three Months Ended | |||||||||||||||||||||
March 31 | |||||||||||||||||||||
2010
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2009
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2008
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2007
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2006
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2005
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(millions)
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Income from continuing operations
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$ | 20.3 | $ | 151.9 | $ | 119.7 | $ | 120.9 | $ | 136.7 | $ | 142.9 | |||||||||
Add
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Equity investment loss
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- | 0.4 | 1.3 | 2.0 | 1.9 | 0.4 | |||||||||||||||
Income subtotal
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20.3 | 152.3 | 121.0 | 122.9 | 138.6 | 143.3 | |||||||||||||||
Add
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Taxes on income
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9.7 | 29.5 | 63.8 | 44.9 | 60.3 | 22.2 | |||||||||||||||
Kansas City earnings tax
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0.2 | 0.4 | 0.3 | 0.5 | 0.5 | 0.5 | |||||||||||||||
Total taxes on income
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9.9 | 29.9 | 64.1 | 45.4 | 60.8 | 22.7 | |||||||||||||||
Interest on value of leased property
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1.5 | 6.5 | 3.6 | 3.9 | 4.1 | 6.2 | |||||||||||||||
Interest on long-term debt
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54.1 | 203.6 | 126.2 | 74.1 | 62.6 | 64.3 | |||||||||||||||
Interest on short-term debt
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2.1 | 10.3 | 18.2 | 26.4 | 9.2 | 4.5 | |||||||||||||||
Other interest expense and amortization (a)
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- | 4.7 | (1.4 | ) | 5.8 | 3.9 | 4.3 | ||||||||||||||
Total fixed charges
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57.7 | 225.1 | 146.6 | 110.2 | 79.8 | 79.3 | |||||||||||||||
Earnings before taxes on
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income and fixed charges
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$ | 87.9 | $ | 407.3 | $ | 331.7 | $ | 278.5 | $ | 279.2 | $ | 245.3 | |||||||||
Ratio of earnings to fixed charges
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1.52 | 1.81 | 2.26 | 2.53 | 3.50 | 3.09 | |||||||||||||||
(a)
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On January 1, 2007, Great Plains Energy elected to make an accounting policy change to recognize interest related
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to uncertain tax positions in interest expense.
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