Attached files
| file | filename |
|---|---|
| 10-Q - WEC ENERGY GROUP MARCH 31, 2018 FORM 10-Q - WEC ENERGY GROUP, INC. | a2018q1wec10q.htm |
| EX-32.2 - WEC ENERGY GROUP EXHIBIT 32.2 - WEC ENERGY GROUP, INC. | a2018q1wec10qexhibit322.htm |
| EX-32.1 - WEC ENERGY GROUP EXHIBIT 32.1 - WEC ENERGY GROUP, INC. | a2018q1wec10qexhibit321.htm |
| EX-31.2 - WEC ENERGY GROUP EXHIBIT 31.2 - WEC ENERGY GROUP, INC. | a2018q1wec10qexhibit312.htm |
| EX-31.1 - WEC ENERGY GROUP EXHIBIT 31.1 - WEC ENERGY GROUP, INC. | a2018q1wec10qexhibit311.htm |
| EX-10.1 - WEC ENERGY GROUP EXHIBIT 10.1 - WEC ENERGY GROUP, INC. | a2018q1wec10qexhibit101.htm |
Exhibit 12.1
WEC ENERGY GROUP, INC.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) | Three Months Ended March 31, 2018 | Twelve Months Ended December 31 | ||||||||||||||||||||||
(in millions, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Pre-tax income * | $ | 445.6 | $ | 1,587.2 | $ | 1,495.2 | $ | 1,063.5 | $ | 942.6 | $ | 902.4 | ||||||||||||
Add: | ||||||||||||||||||||||||
Nonutility amortization of capitalized interest | 1.8 | 7.3 | 7.3 | 7.3 | 7.3 | 7.3 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Nonutility capitalized interest | (0.3 | ) | (1.7 | ) | (1.0 | ) | (1.2 | ) | (0.7 | ) | (1.7 | ) | ||||||||||||
Preferred stock dividends of subsidiary | (0.3 | ) | (1.4 | ) | (1.6 | ) | (2.6 | ) | (1.6 | ) | (1.6 | ) | ||||||||||||
Earnings before adding fixed charges | 446.8 | 1,591.4 | 1,499.9 | 1,067.0 | 947.6 | 906.4 | ||||||||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||
Interest expense | 106.7 | 415.7 | 402.7 | 331.4 | 240.3 | 250.9 | ||||||||||||||||||
Capitalized interest | 1.5 | 4.9 | 10.9 | 8.6 | 3.0 | 9.4 | ||||||||||||||||||
Estimated interest component of rentals | 1.1 | 5.7 | 16.5 | 19.0 | 15.9 | 15.7 | ||||||||||||||||||
Preferred stock dividends of subsidiary | 0.3 | 1.4 | 1.6 | 2.6 | 1.6 | 1.6 | ||||||||||||||||||
Total fixed charges as defined | 109.6 | 427.7 | 431.7 | 361.6 | 260.8 | 277.6 | ||||||||||||||||||
Total earnings as defined | $ | 556.4 | $ | 2,019.1 | $ | 1,931.6 | $ | 1,428.6 | $ | 1,208.4 | $ | 1,184.0 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.1x | 4.7x | 4.5x | 4.0x | 4.6x | 4.3x | ||||||||||||||||||
* | Pre-tax income consists of income before income taxes less undistributed earnings of equity investees. |