EX-12.1 2 llcmec123113exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES LLC/MEC 12.31.13 Exhibit 12.1


EXHIBIT 12.1

MIDAMERICAN ENERGY COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
350

 
$
355

 
$
319

 
$
357

 
$
350

Add (deduct):
 
 
 
 
 
 
 
 
 
 
Income tax (benefit) expense
 
(103
)
 
(99
)
 
(17
)
 
(49
)
 
(27
)
Total fixed charges
 
162

 
153

 
166

 
163

 
165

 
 
59

 
54

 
149

 
114

 
138

 
 
 
 
 
 
 
 
 
 
 
Total earnings available for fixed charges
 
$
409

 
$
409

 
$
468

 
$
471

 
$
488

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
 
$
150

 
$
142

 
$
157

 
$
155

 
$
155

Other interest expense
 
1

 
1

 
1

 
1

 
3

Estimated interest portion of rental expense
 
11

 
10

 
8

 
7

 
7

Total fixed charges
 
$
162

 
$
153

 
$
166

 
$
163

 
$
165

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.5

 
2.7

 
2.8

 
2.9

 
3.0