Attached files
| file | filename |
|---|---|
| 8-K - SOUTHERN CO | so2011a8-k.htm |
| EX-4.2 - SOUTHERN CO | ex4-2.htm |
| EX-5.1 - SOUTHERN CO | ex5-1.htm |
| EX-1.2 - SOUTHERN CO | ex1-2.htm |
| Exhibit 12.1 | ||||||||||||||||||
| 8/8/2011 | ||||||||||||||||||
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THE SOUTHERN COMPANY
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Computation of ratio of earnings to fixed charges for
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the five years ended December 31, 2010
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and the year to date June 30, 2011
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Six
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Months
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Ended
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Year ended December 31,
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June 30,
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2006
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2007
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2008
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2009
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2010
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2011
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-------------------------Thousands of Dollars---------------------------
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EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Earnings Before Income Taxes
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$
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2,389,290
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$
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2,616,759
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$
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2,721,867
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$
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2,603,838
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$
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3,066,077
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$
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1,638,030
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||||||
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Interest expense, net of amounts capitalized
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865,874
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885,794
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866,202
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904,697
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895,401
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421,158
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||||||||||||
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AFUDC - Debt funds
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20,453
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47,519
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64,063
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82,579
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74,107
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26,325
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||||||||||||
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Less: Dividends on preferred and preference stock of subsidiaries
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(34,606)
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(47,764)
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(64,780)
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(64,780)
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(64,780)
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(32,390)
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Earnings as defined
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$
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3,241,011
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$
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3,502,308
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$
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3,587,352
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$
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3,526,334
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$
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3,970,805
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$
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2,053,123
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||||||
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Interest on long-term debt
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$
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626,753
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$
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739,285
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$
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810,232
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$
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874,382
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$
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881,733
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$
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432,363
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||||||
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Interest on affiliated loans
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122,088
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66,372
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23,454
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22,405
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19,309
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9,585
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||||||||||||
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Interest on interim obligations
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76,745
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75,249
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30,285
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3,917
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2,029
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1,949
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||||||||||||
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Amort of debt disc, premium and expense, net
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57,878
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45,675
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39,579
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40,106
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42,119
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20,588
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||||||||||||
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Other interest charges
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2,863
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6,732
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26,715
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46,466
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24,318
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(17,002)
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Fixed charges as defined
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886,327
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933,313
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930,265
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987,276
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969,508
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447,483
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||||||||||||
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Tax deductible preferred dividends
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1,293
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1,281
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1,281
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1,281
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1,281
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641
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||||||||||||
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887,620
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934,594
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931,546
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988,557
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970,789
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448,124
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Non-tax deductible preferred and preference dividends
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33,313
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46,483
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63,499
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63,499
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63,499
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31,749
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Ratio of net income before taxes to net income
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x
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1.485
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x
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1.469
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x
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1.507
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x
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1.525
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x
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1.503
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x
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1.548
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Preferred and preference dividend requirements
before income taxes
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49,470
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68,284
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95,693
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96,836
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95,439
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49,147
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Fixed charges plus preferred and preference
dividend requirements
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$
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937,090
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$
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1,002,878
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$
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1,027,239
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$
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1,085,393
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$
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1,066,228
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$
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497,271
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RATIO OF EARNINGS TO FIXED CHARGES
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3.46
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3.49
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3.49
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3.25
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3.72
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4.13
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