EX-12.1 2 gxp-12312015xex121.htm GPE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

GREAT PLAINS ENERGY INCORPORATED

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2015
2014
 
2013
 
2012
 
2011
 
 
(millions)
Net income
 
$
213.0

 
$
242.8

 
$
250.2

 
$
199.9

 
$
174.2

 
Add
 
 
 
 
 
 
 
 
 
 
 
Equity investment (income) loss
 
(1.2
)
 
—

 
0.2

 
0.4

 
0.1

 
Income subtotal
 
211.8

 
242.8

 
250.4

 
200.3

 
174.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Add
 
 
 
 
 
 
 
 
 
 
 
Income tax expense
 
122.7

 
115.7

 
129.2

 
104.6

 
84.8

 
Kansas City earnings tax
 
(0.5
)
 
0.3

 
0.1

 
0.1

 
—

 
Total taxes on income
 
122.2

 
116.0

 
129.3

 
104.7

 
84.8

 
 
 
 
 
 
 
 
 
 
 
 
 
Interest on value of leased property
 
5.2

 
5.2

 
5.5

 
5.8

 
5.9

 
Interest on long-term debt
 
193.9

 
195.0

 
195.5

 
213.2

 
223.2

 
Interest on short-term debt
 
6.1

 
5.1

 
7.6

 
9.0

 
11.8

 
Other interest expense and amortization
 
6.8

 
3.3

 
8.2

 
4.6

 
11.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
212.0

 
208.6

 
216.8

 
232.6

 
252.5

 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings before taxes on
 
 
 
 
 
 
 
 
 
 
 
income and fixed charges
 
$
546.0

 
$
567.4

 
$
596.5

 
$
537.6

 
$
511.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.58

 
2.72

 
2.75
 
2.31
 
2.03