EX-12.3 13 aee201710-kexhibit123.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.3
Ameren Illinois Company
Computation of Ratio of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(in millions, except ratios)

 
Year Ended December 31,
 
2013
 
2014
 
2015
 
2016
 
2017
Earnings available for fixed charges, as defined:
 
 
 
 
 
 
 
 
 
Net income
$
163

 
$
204

 
$
217

 
$
255

 
$
271

Tax expense based on income
110

 
143

 
127

 
158

 
166

Fixed charges (a)
132

 
124

 
136

 
143

 
147

Earnings available for fixed charges, as defined
$
405

 
$
471

 
$
480

 
$
556

 
$
584

Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
Interest expense on short-term and long-term debt  (a)
$
117

 
$
111

 
$
122

 
$
129

 
$
134

Amortization of net debt premium, discount, and expenses
15

 
13

 
14

 
14

 
13

Total fixed charges, as defined
$
132

 
$
124

 
$
136

 
$
143

 
$
147

Ratio of earnings to fixed charges
3.1

 
3.8

 
3.5

 
3.9

 
4.0

Earnings required for combined fixed charges and preferred stock dividends:
 
 
 
 
 
 
 
 
 
Preferred stock dividends
$
3

 
$
3

 
$
3

 
$
3

 
$
3

Adjustment to pretax basis
2

 
2

 
2

 
2

 
2

 
$
5

 
$
5

 
$
5

 
$
5

 
$
5

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred stock dividend requirements
$
137

 
$
129

 
$
141

 
$
148

 
$
152

Ratio of earnings to combined fixed charges and preferred stock dividend requirements
3.0

 
3.7

 
3.4

 
3.8

 
3.8



(a)
Includes net interest related to uncertain tax positions.