EX-12.1 3 aee-exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1
Ameren Corporation
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars, Except Ratios)



 
Three Months Ended March 31,
 
2016
Earnings available for fixed charges, as defined:
 
Net income from continuing operations attributable to Ameren Corporation
$
105,426

Tax expense based on income
31,061

Fixed charges excluding subsidiary preferred stock dividends tax adjustment
103,377

Earnings available for fixed charges, as defined
$
239,864

Fixed charges, as defined:
 
Interest expense on short-term and long-term debt
$
93,760

Estimated interest cost within rental expense
2,339

Amortization of net debt premium, discount, and expenses
5,667

Subsidiary preferred stock dividends
1,611

Adjust subsidiary preferred stock dividends to pretax basis
989

Total fixed charges, as defined
$
104,366

Consolidated ratio of earnings to fixed charges
2.30