UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1994
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-3523
WESTERN RESOURCES, INC.
(Exact name of registrant as specified in its charter)
KANSAS 48-0290150
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
818 KANSAS AVENUE, TOPEKA, KANSAS 66612
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 913/575-6300
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, $5.00 par value New York Stock Exchange
(Title of each class) (Name of each exchange on which registered)
Securities registered pursuant to Section 12(g) of the Act:
Preferred Stock, 4 1/2% Series, $100 par value
(Title of Class)
Indicated by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes x No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. (X)
State the aggregate market value of the voting stock held by nonaffiliates of
the registrant. Approximately $1,906,866,000 of Common Stock and $10,335,000
of Preferred Stock (excluding the 4 1/4% Series of Preferred Stock for which
there is no readily ascertainable market value) at March 23, 1995.
Indicate the number of shares outstanding of each of the registrant's classes
of common stock.
Common Stock, $5.00 par value 61,760,853
(Class) (Outstanding at March 29, 1995)
Documents Incorporated by Reference:
Part Document
III Portions of the Company's Definitive Proxy Statement for
the Annual Meeting of Shareholders to be held May 2, 1995.
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Exhibit 12 is being submitted to correct Exhibit 12 to the Company's
Annual Report on Form 10-K as filed on March 29, 1995.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
WESTERN RESOURCES, INC.
March 30, 1995 By Jerry D. Courington
Jerry D. Courington
Controller
Exhibit 12
WESTERN RESOURCES, INC.
Computations of Ratio of Earnings to Fixed Charges and
Computations of Ratio of Earnings to Combined Fixed Charges
and Preferred and Preference Dividend Requirements
(Dollars in Thousands)
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Year Ended December 31,
1994 1993 1992 1991 1990
<S> <C> <C> <C> <C> <C>
Net Income. . . . . . . . . . . . . . $187,447 $177,370 $127,884 $ 89,645 $ 79,619
Taxes on Income . . . . . . . . . . . 99,951 78,755 46,099 42,527 36,736
Net Income Plus Taxes. . . . . . 287,398 256,125 173,983 132,172 116,355
Fixed Charges:
Interest on Long-Term Debt. . . . . 98,483 123,551 117,464 51,267 51,542
Interest on Other Indebtedness. . . 20,139 19,255 20,009 10,490 11,022
Interest on Corporate-owned
Life Insurance Borrowings . . . . 26,932 16,252 5,294 - -
Interest Applicable to
Rentals . . . . . . . . . . . . . 29,003 28,827 27,429 5,089 4,426
Total Fixed Charges . . . . . . 174,557 187,885 170,196 66,846 66,990
Preferred and Preference Dividend
Requirements:
Preferred and Preference Dividends. 13,418 13,506 12,751 6,377 1,744
Income Tax Required . . . . . . . . 7,155 5,997 4,596 3,025 805
Total Preferred and Preference
Dividend Requirements . . . . . . 20,573 19,503 17,347 9,402 2,549
Total Fixed Charges and Preferred and
Preference Dividend Requirements. . 195,130 207,388 187,543 76,248 69,539
Earnings (1). . . . . . . . . . . . . $461,955 $444,010 $344,179 $199,018 $183,345
Ratio of Earnings to Fixed Charges. . 2.65 2.36 2.02 2.98 2.74
Ratio of Earnings to Combined Fixed
Charges and Preferred and Preference
Dividend Requirements . . . . . . . 2.37 2.14 1.84 2.61 2.64
(1) Earnings are deemed to consist of net income to which has been added income taxes
(including net deferred investment tax credit) and fixed charges. Fixed charges consist
of all interest on indebtedness, amortization of debt discount and expense, and the
portion of rental expense which represents an interest factor. Preferred and preference
dividend requirements consist of an amount equal to the pre-tax earnings which would be
required to meet dividend requirements on preferred and preference stock.
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