EX-12.2 3 gxp-12312016xex122.htm KCP&L COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.2

KANSAS CITY POWER & LIGHT COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
2015
 
2014
 
2013
 
2012
 
 
(millions)
Net income
 
$
225.0

 
$
152.8

 
$
162.4

 
$
169.0

 
$
141.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Add
 
 
 
 
 
 
 
 
 
 
 
Income tax expense
 
121.9

 
76.8

 
75.7

 
79.8

 
75.3

 
Kansas City earnings tax
 
0.2

 
(0.5
)
 
0.3

 
—

 
0.1

 
Total taxes on income
 
122.1

 
76.3

 
76.0

 
79.8

 
75.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Interest on value of leased property
 
5.0

 
5.0

 
4.9

 
5.1

 
5.3

 
Interest on long-term debt
 
137.8

 
131.8

 
128.8

 
128.1

 
123.5

 
Interest on short-term debt
 
3.3

 
4.0

 
2.9

 
3.4

 
4.4

 
Other interest expense and amortization
 
4.8

 
4.7

 
4.7

 
5.1

 
3.8

 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
150.9

 
145.5

 
141.3

 
141.7

 
137.0

 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings before taxes on
 
 
 
 
 
 
 
 
 
 
 
income and fixed charges
 
$
498.0

 
$
374.6

 
$
379.7

 
$
390.5

 
$
354.0

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
3.30

 
2.57

 
2.69

 
2.76
 
2.58