Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CMS ENERGY CORP | Financial_Report.xls |
| EX-31.1 - EX-31.1 - CMS ENERGY CORP | a15-7888_1ex31d1.htm |
| EX-32.2 - EX-32.2 - CMS ENERGY CORP | a15-7888_1ex32d2.htm |
| EX-12.2 - EX-12.2 - CMS ENERGY CORP | a15-7888_1ex12d2.htm |
| EX-32.1 - EX-32.1 - CMS ENERGY CORP | a15-7888_1ex32d1.htm |
| EX-31.3 - EX-31.3 - CMS ENERGY CORP | a15-7888_1ex31d3.htm |
| EX-31.4 - EX-31.4 - CMS ENERGY CORP | a15-7888_1ex31d4.htm |
| EX-31.2 - EX-31.2 - CMS ENERGY CORP | a15-7888_1ex31d2.htm |
| 10-Q - 10-Q - CMS ENERGY CORP | a15-7888_110q.htm |
Exhibit 12.1
CMS ENERGY CORPORATION
Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Dividends
|
In Millions, Except Ratios |
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|
|
|
Three Months |
|
|
|
|
|
|
|
|
|
|
| ||||||
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|
|
Ended |
|
Year Ended December 31 |
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|
|
|
March 31, 2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
| ||||||
|
Earnings as defined1 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Pretax income from continuing operations |
|
$ |
302 |
|
$ |
729 |
|
$ |
756 |
|
$ |
622 |
|
$ |
606 |
|
$ |
590 |
|
|
Exclude equity basis subsidiaries |
|
(1 |
) |
(1 |
) |
(2 |
) |
(7 |
) |
(1 |
) |
(2 |
) | ||||||
|
Fixed charges as defined2 |
|
107 |
|
432 |
|
423 |
|
414 |
|
437 |
|
449 |
| ||||||
|
Earnings as defined2 |
|
$ |
408 |
|
$ |
1,160 |
|
$ |
1,177 |
|
$ |
1,029 |
|
$ |
1,042 |
|
$ |
1,037 |
|
|
Fixed charges as defined1 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest on long-term debt |
|
$ |
96 |
|
$ |
393 |
|
$ |
385 |
|
$ |
372 |
|
$ |
396 |
|
$ |
394 |
|
|
Estimated interest portion of lease rental |
|
5 |
|
21 |
|
21 |
|
21 |
|
18 |
|
16 |
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|
Other interest charges |
|
6 |
|
19 |
|
18 |
|
23 |
|
25 |
|
42 |
| ||||||
|
Fixed charges as defined2 |
|
107 |
|
433 |
|
424 |
|
416 |
|
439 |
|
452 |
| ||||||
|
Preferred dividends |
|
- |
|
- |
|
- |
|
- |
|
- |
|
13 |
| ||||||
|
Combined fixed charges and preferred dividends |
|
$ |
107 |
|
$ |
433 |
|
$ |
424 |
|
$ |
416 |
|
$ |
439 |
|
$ |
465 |
|
|
Ratio of earnings to fixed charges |
|
3.81 |
|
2.68 |
|
2.78 |
|
2.47 |
|
2.37 |
|
2.29 |
| ||||||
|
Ratio of earnings to combined fixed charges and preferred dividends |
|
3.81 |
|
2.68 |
|
2.78 |
|
2.47 |
|
2.37 |
|
2.23 |
| ||||||
1 Earnings and fixed charges as defined in instructions for Item 503 of Regulation S-K.
2 Preferred dividends of a consolidated subsidiary are included in fixed charges, but excluded from earnings as defined because the amount was not deducted in arriving at pretax income from continuing operations.