EX-12 4 ex12-1.txt EXHIBIT 12.1 AMC'S STATEMENT OF COMPUTATION
Exhibit 12.1 AMEREN CORPORATION Computation Of Ratio Of Earnings To Fixed Charges (Thousands of Dollars Except Ratios) Twelve Months Ended December 31, -------------------------------- 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- Net income from continuing operations 385,095 457,094 475,386 382,065 505,729 Income taxes 253,490 298,623 305,667 236,320 301,209 Fixed charges 193,151 204,631 222,671 239,140 303,234 Less: Preference security dividend requirements of consolidated subsidiaries (20,977) (20,997) (20,447) (17,547) (17,330) ---------- ---------- ---------- ---------- ---------- Total earnings 810,759 939,351 983,277 839,978 1,092,842 Fixed Charges: Interest expense 168,275 179,706 198,648 218,741 281,735 Estimated interest costs within rental expense 3,899 3,928 3,576 2,852 4,169 Preference security dividend requirements of consolidated subsidiaries: Preference dividends of consolidated subsidiaries 12,650 12,700 12,445 10,841 10,861 Adjustment to pre-tax basis 8,327 8,297 8,002 6,706 6,469 ---------- ---------- ---------- ---------- ---------- 20,977 20,997 20,447 17,547 17,330 Total fixed charges 193,151 204,631 222,671 239,140 303,234 Ratio of Earnings to Fixed Charges 4.20 4.59 4.42 3.51 3.60