EX-12.1 2 lnt630201810-qex121.htm RATIO OF EARNINGS TO FIXED CHARGES FOR ALLIANT ENERGY Exhibit


Exhibit 12.1

ALLIANT ENERGY CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

 
Six Months Ended
 
 
 
 
 
 
 
June 30,
 
Years Ended December 31,
 
2018
 
2017
 
2017
2016
2015
2014
2013
 
(dollars in millions)
EARNINGS:
 
 
 
 
 
 
 
 
 
Net income from continuing operations attributable to Alliant Energy Corporation common shareowners

$221.3

 

$193.3

 

$455.9


$373.8


$380.7


$385.5


$364.2

Income taxes (a)
30.4

 
38.8

 
66.7

59.4

70.4

44.3

53.9

Subtotal
251.7

 
232.1

 
522.6

433.2

451.1

429.8

418.1

Fixed charges as defined
127.9

 
112.2

 
229.8

210.2

202.3

195.7

189.0

Adjustment for undistributed equity earnings
(6.9
)
 
(4.0
)
 
(6.7
)
(11.3
)
(3.2
)
(4.0
)
(8.3
)
Less:
 
 
 
 
 
 
 
 
 
Interest capitalized
—

 
—

 
0.5

0.2

1.3

1.0

0.5

Preferred dividend requirements of subsidiaries (pre-tax basis) (b)
5.8

 
6.1

 
11.7

11.8

12.0

11.3

13.0

Total earnings as defined

$366.9

 

$334.2

 

$733.5


$620.1


$636.9


$609.2


$585.3

 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense

$120.5

 

$105.1

 

$215.6


$196.2


$187.1


$180.6


$172.8

Interest capitalized
—

 
—

 
0.5

0.2

1.3

1.0

0.5

Estimated interest component of rent expense
1.6

 
1.0

 
2.0

2.0

1.9

2.8

2.7

Preferred dividend requirements of subsidiaries (pre-tax basis) (b)
5.8

 
6.1

 
11.7

11.8

12.0

11.3

13.0

Total fixed charges as defined

$127.9

 

$112.2

 

$229.8


$210.2


$202.3


$195.7


$189.0

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (c)
2.87

 
2.98

 
3.19

2.95

3.15

3.11

3.10


(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 in 2013.

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