EX-12.1 6 0006.txt IES RATIO OF EARNINGS TO COMBINED FIXED CHARGES IES UTILITIES INC. RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS
Nine Months Ended Twelve Months Ended December 31, September 30, ---------------------------------------------------------- ------------------------ 1995 1996 1997 1998 1999 1999 2000 ---------------------------------------------------------- ------------------------ (Dollars in thousands) Net income $59,278 $63,729 $58,793 $61,910 $66,446 $56,979 $60,017 Income taxes 41,095 43,092 42,216 41,494 49,385 41,349 43,285 ---------------------------------------------------------- ------------------------ Net income before income taxes 100,373 106,821 101,009 103,404 115,831 98,328 103,302 ---------------------------------------------------------- ------------------------ Interest expense 44,460 43,714 52,791 52,354 51,852 39,403 38,208 Estimated interest component of rent expense 4,637 4,091 4,318 4,173 3,895 2,890 3,711 ---------------------------------------------------------- ------------------------ Fixed charges as defined 49,097 47,805 57,109 56,527 55,747 42,293 41,919 Preferred dividend requirements (pre-tax basis) 1,548 1,532 1,570 1,527 1,593 1,184 1,181 ---------------------------------------------------------- ------------------------ Fixed charges and preferred dividend requirements 50,645 49,337 58,679 58,054 57,340 43,477 43,100 ---------------------------------------------------------- ------------------------ Earnings as defined $149,470 $154,626 $158,118 $159,931 $171,578 $140,621 $145,221 ========================================================== ======================== Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements (Unaudited) 2.95 3.13 2.69 2.75 2.99 3.23 3.37 ========================================================== ========================