EX-12.1 2 lnt331201310-qex121.htm RATIO OF EARNINGS TO FIXED CHARGES FOR ALLIANT ENERGY LNT 3.31.2013 10-Q Ex 12.1


Exhibit 12.1

ALLIANT ENERGY CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

 
Three Months Ended
 
 
 
 
 
 
 
March 31,
 
Years Ended December 31,
 
2013
 
2012
 
2012
2011
2010
2009
2008
 
(dollars in millions)
EARNINGS:
 
 
 
 
 
 
 
 
 
Net income from continuing operations attributable to Alliant Energy Corporation common shareowners

$72.9

 

$39.3

 

$324.9


$323.1


$291.5


$111.6


$265.8

Income tax expense (benefit) (a)
12.1

 
27.7

 
89.4

69.2

147.7

(6.8
)
130.6

Subtotal
85.0

 
67.0

 
414.3

392.3

439.2

104.8

396.4

Fixed charges as defined
47.7

 
50.2

 
208.0

208.4

215.4

199.7

185.2

Adjustment for undistributed equity earnings
(1.8
)
 
(0.8
)
 
(7.1
)
(7.0
)
(5.9
)
(6.7
)
(6.1
)
Less:
 
 
 
 
 
 
 
 
 
Interest capitalized
—

 
1.6

 
6.1

2.7

—

—

—

Preferred dividend requirements of subsidiaries (pre-tax basis) (b)
4.4

 
6.6

 
20.1

22.0

27.6

17.7

27.3

Total earnings as defined

$126.5

 

$108.2

 

$589.0


$569.0


$621.1


$280.1


$548.2

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense

$42.6

 

$38.9

 

$156.7


$158.3


$162.8


$154.8


$125.8

Interest capitalized
—

 
1.6

 
6.1

2.7

—

—

—

Estimated interest component of rent expense
0.7

 
3.1

 
25.1

25.4

25.0

27.2

32.1

Preferred dividend requirements of subsidiaries (pre-tax basis) (b)
4.4

 
6.6

 
20.1

22.0

27.6

17.7

27.3

Total fixed charges as defined

$47.7

 

$50.2

 

$208.0


$208.4


$215.4


$199.7


$185.2

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (c)
2.65

 
2.16

 
2.83

2.73

2.88

1.40

2.96


(a) Includes net interest related to unrecognized tax benefits.

(b) Preferred dividend requirements of subsidiaries (pre-tax basis) are computed by dividing the preferred dividend requirements of subsidiaries by one hundred percent minus the respective year-to-date effective income tax rate. Excludes the impact of charges related to Interstate Power and Light Company’s and Wisconsin Power and Light Company’s preferred stock redemptions for the three months ended March 31, 2013.

(c) The ratio calculation in the above table relates to Alliant Energy Corporation’s continuing operations.