EX-12 7 ex12-4.txt EXHIBIT 12.4 GENCO'S COMPUTATION OF RATIO
Exhibit 12.4 Ameren Energy Generating Company Computation Of Ratio Of Earnings To Fixed Charges (Thousands of Dollars, Except Ratios) Period May 1, 2000 through Year Ended December 31, December 31, ------------------------------------------- ------------- 2003 2002 2001 2000 ---- ---- ---- ---- Net income $ 75,185 $ 31,837 $ 75,924 $ 43,808 Add (Less) - Cumulative effect of change in accounting principle, net of tax (18,416) - 1,993 - ------------- ------------- ------------ ------------- Net income from continuing operations 56,769 31,837 77,917 43,808 Taxes based on income 38,538 20,340 47,296 27,213 ------------- ------------- ------------ ------------- Net income before income taxes $ 95,307 $ 52,177 $ 125,213 $ 71,021 ------------- ------------- ------------ ------------- Add - fixed charges: Interest on long term debt 55,394 45,840 34,138 5,690 Other interest 45,461 39,937 41,189 29,875 Amortization of debt discount expense 1,495 1,377 1,059 119 ------------- ------------- ------------ ------------- Total fixed charges $ 102,350 $ 87,154 $ 76,386 $ 35,684 ------------- ------------- ------------- ------------- Earnings available for fixed charges $ 197,657 $ 139,331 $ 201,599 $ 106,705 ============= ============= ============ ============= Ratio of earnings to fixed charges 1.93 1.59 2.63 2.99 ============= ============= ============= =============