WESTAR ENERGY INC /KS - FORM 10-K - EX-12.(A) - COMPUTATIONS OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES - February 25, 2010

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10-K - FORM 10-K - WESTAR ENERGY INC /KSd10k.htm
EX-10.(AR) - FORM OF PERFORMANCE BASED RESTRICTED SHARE UNITS AWARD - WESTAR ENERGY INC /KSdex10ar.htm
EX-10.(AQ) - FORM OF RESTRICTED SHARE UNITS AWARD - WESTAR ENERGY INC /KSdex10aq.htm
EX-10.(AT) - FORM OF SECOND TRANSITION PERFORMANCE BASED RESTRICTED SHARE UNITS AWARD - WESTAR ENERGY INC /KSdex10at.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - WESTAR ENERGY INC /KSdex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, DELOITTE & TOUCHE LLP - WESTAR ENERGY INC /KSdex23.htm
EX-32 - CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - WESTAR ENERGY INC /KSdex32.htm
EX-31.(A) - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - WESTAR ENERGY INC /KSdex31a.htm
EX-31.(B) - CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER PURSUANT TO SECTION 302 - WESTAR ENERGY INC /KSdex31b.htm
EX-10.(AU) - CHANGE IN CONTROL AGREEMENT - WESTAR ENERGY INC /KSdex10au.htm
EX-10.(AS) - FORM OF FIRST TRANSITION PERFORMANCE BASED RESTRICTED SHARE UNITS AWARD - WESTAR ENERGY INC /KSdex10as.htm

Exhibit 12 (a)

WESTAR ENERGY, INC.

Computations of Ratio of Earnings to Fixed Charges and

Computations of Ratio of Earnings to Combined Fixed Charges

and Preferred Dividend Requirements

(Dollars in Thousands)

 

     Year Ended December 31,
     2009    2008    2007    2006    2005

Earnings from continuing operations (a)

    $ 200,226    $ 182,139    $ 232,224    $ 221,715    $ 195,485
                                  

Fixed Charges:

               

Interest expense

      162,217      126,986      116,973      102,703      111,735

Interest on corporate-owned life insurance borrowings

      68,401      58,207      55,164      52,234      51,058

Interest applicable to rentals

      22,353      23,227      22,713      21,959      23,324
                                  

Total Fixed Charges (b)

      252,971      208,420      194,850      176,896      186,117
                                  

Distributed income of equity investees

      —        —        —        —        —  
                                  

Preferred Dividend Requirements:

               

Preferred dividends

      970      970      970      970      970

Income tax required

      404      22      368      330      435
                                  

Total Preferred Dividend Requirements (c)

      1,374      992      1,338      1,300      1,405
                                  

Total Fixed Charges and Preferred

               

Dividend Requirements

      254,345      209,412      196,188      178,196      187,522
                                  

Earnings (d)

      453,197    $ 390,559    $ 427,074    $ 398,611    $ 381,602
                                  

Ratio of Earnings to Fixed Charges

      1.79      1.87      2.19      2.25      2.05

Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements

      1.78      1.87      2.18      2.24      2.03

 

  (a) Earnings from continuing operations consist of income from continuing operations before income taxes, cumulative effects of accounting changes and preferred dividends adjusted for undistributed earnings from equity investees.

 

  (b) Fixed charges consist of all interest on indebtedness, interest on uncertain tax positions, interest on corporate-owned life insurance policies, amortization of debt discount and expense, and the portion of rental expense that represents an interest factor.

 

  (c) Preferred dividend requirements consist of an amount equal to the pre-tax earnings that would be required to meet dividend requirements on preferred stock.

 

  (d) Earnings are deemed to consist of earnings from continuing operations, fixed charges and distributed income of equity investees.

WESTAR ENERGY INC /KS Reports

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