| Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||
| March 31, 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||
Net earnings |
$ | 2,595 | $ | 11,015 | $ | 8,528 | $ | 7,308 | $ | 8,151 | $ | 4,286 | |||||||||||
Income tax expense |
1,388 | 5,505 | 4,159 | 3,569 | 3,805 | 2,059 | |||||||||||||||||
Minority interests in earnings |
89 | 258 | 104 | 59 | 64 | 14 | |||||||||||||||||
Equity in earnings of MidAmerican Energy
Holdings Company |
| | (523 | ) | (237 | ) | (429 | ) | (359 | ) | |||||||||||||
Fixed charges* |
532 | 1,979 | 867 | 875 | 614 | 840 | |||||||||||||||||
Earnings available for fixed charges |
$ | 4,604 | $ | 18,757 | $ | 13,135 | $ | 11,574 | $ | 12,205 | $ | 6,840 | |||||||||||
Investment and derivative gains, pretax, included
in Earnings available for fixed charges |
$ | 586 | $ | 2,635 | $ | 5,408 | $ | 3,471 | $ | 4,083 | $ | 838 | |||||||||||
Fixed charges* |
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Interest on indebtedness (including amortization
of debt discount and expense) |
$ | 463 | $ | 1,724 | $ | 723 | $ | 721 | $ | 472 | $ | 725 | |||||||||||
Rentals representing interest and other |
69 | 255 | 144 | 154 | 142 | 115 | |||||||||||||||||
| $ | 532 | $ | 1,979 | $ | 867 | $ | 875 | $ | 614 | $ | 840 | ||||||||||||
Ratio of earnings to fixed charges* |
8.65x | 9.48x | 15.15x | 13.23x | 19.88x | 8.14x | |||||||||||||||||
Ratio of earnings, excluding investment and
derivative gains, to fixed charges* |
7.55x | 8.15x | 8.91x | 9.26x | 13.23x | 7.15x | |||||||||||||||||
| * | Includes fixed charges of finance and financial products and utilities and energy businesses as follows: |
| Three
Months Ended March 31, 2007 |
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||
Finance and financial products |
$ | 153 | $ | 571 | $ | 598 | $ | 602 | $ | 337 | $ | 551 | |||||||||||
Utilities and energy |
298 | 1,070 | | | | | |||||||||||||||||
| Three
Months Ended March 31, 2007 |
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||
Including investment and derivative gains |
51.27x | 50.64x | 46.61x | 40.19x | 42.84x | 21.76x | |||||||||||||||||
Excluding investment and derivative gains |
44.04x | 42.84x | 26.50x | 27.48x | 28.10x | 18.86x | |||||||||||||||||