Attached files
file | filename |
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10-K - 10-K - EMPIRE DISTRICT ELECTRIC CO | a2196568z10-k.htm |
EX-23 - EXHIBIT 23 - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-23.htm |
EX-21 - EXHIBIT 21 - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-21.htm |
EX-31.(B) - EXHIBIT 31(B) - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-31_b.htm |
EX-31.(A) - EXHIBIT 31(A) - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-31_a.htm |
EX-32.(B) - EXHIBIT 32(B) - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-32_b.htm |
EX-32.(A) - EXHIBIT 32(A) - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-32_a.htm |
EX-24 - EXHIBIT 24 - EMPIRE DISTRICT ELECTRIC CO | a2196568zex-24.htm |
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Computation of Ratios of Earnings to Fixed Charges
|
Year ended December 31, | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||
Income before provision for income taxes and fixed charges (Note A) |
$ | 114,457,760 | $ | 108,185,260 | $ | 91,690,922 | $ | 99,409,515 | $ | 65,781,250 | |||||||
Fixed Charges: |
|||||||||||||||||
Interest on long-term debt |
$ | 42,084,023 | $ | 36,040,957 | $ | 31,120,122 | $ | 25,947,191 | $ | 24,059,165 | |||||||
Interest on short-term debt |
1,124,883 | 1,853,682 | 2,940,317 | 2,275,939 | 195,197 | ||||||||||||
Interest on note payable to securitization trust |
4,250,000 | 4,250,000 | 4,250,000 | 4,250,000 | 4,250,000 | ||||||||||||
Other interest |
(680,863 | ) | 1,152,588 | 1,069,206 | 1,029,135 | 605,492 | |||||||||||
Rental expense representative of an interest factor (Note B) |
6,501,484 | 6,040,062 | 4,686,748 | 4,798,490 | 659,844 | ||||||||||||
Total fixed charges |
$ | 53,279,527 | $ | 49,337,289 | $ | 44,066,393 | $ | 38,300,755 | $ | 29,769,698 | |||||||
Ratio of earnings to fixed charges |
2.15 |
2.19 |
2.08 |
2.60 |
2.21 |
NOTE A: For the purpose of determining earnings in the calculation of the ratio, net income has been increased by the provision for income taxes, non-operating income taxes, minority interest and by the sum of fixed charges as shown above.
NOTE B: One-third of rental expense (which approximates the interest factor).