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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) January 31, 1994
KANSAS GAS AND ELECTRIC COMPANY
(Exact Name of Registrant as Specified in Its Charter)
KANSAS 1-7324 48-1093840
(State or Other Jurisdiction of (Commission (Employer
Incorporation or Organization) File Number) Identification No.)
P.O. BOX 208, WICHITA, KANSAS 67201
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number Including Area Code (316) 261-6611
KANSAS GAS AND ELECTRIC COMPANY
Item 5. Other Events
CERTAIN FINANCIAL INFORMATION
Income Summary
Year Ended December 31,
Pro Forma
1993 1992
(Thousands of Dollars)
Operating Revenues $616,997 $554,251
Operating Income 147,381 130,162
Income Before Interest Charges 166,720 148,950
Net Income 108,103 77,981
The pro forma information for the twelve-month period ended December 31,
1992, gives effect to the merger of the former Kansas Gas and Electric Company
("Old KG&E") into an acquisition subsidiary of Western Resources, Inc.
(Merger) which continued the name "Kansas Gas and Electric Company", as if it
had occurred on January 1, 1992, and was derived by combining the historical
information of Old KG&E for the three-month period ended March 31, 1992, with
that of the Company for the nine-month period ended December 31, 1992. No
purchase accounting adjustments were made for the period prior to the Merger
in determining pro forma amounts because such adjustments would be immaterial.
This pro forma information is not necessarily indicative of the results of
operations that would have occurred had the Merger been consummated on January
1, 1992, nor is it necessarily indicative of future operating results or
financial position.
Capitalization Summary
December 31, 1993
(Thousands of Dollars)
First Mortgage Bonds $ 585,888 30.8%
Other Long-term Debt (excluding
current maturities) 67,655 3.6
Common Stock Equity(1) 1,245,678 65.6
Total Capitalization $1,899,221 100.0%
Short-term Debt (including current
maturities of long-term debt) $156,038
(1) Includes $490 million reflecting the acquisition premium attributable
to the acquisition of Old KG&E by Western Resources, Inc.
Item 7. Exhibits
Exhibit 99- Computation of Ratio of Earnings to Fixed Charges
SIGNATURES
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.
Kansas Gas and Electric Company
Date January 31, 1994 By Richard D. Terrill
Richard D. Terrill
Secretary, Treasurer and
General Counsel
EXHIBIT 99
KANSAS GAS AND ELECTRIC COMPANY
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, 1993
(Thousands of Dollars)
Net Income. . . . . . . . . . . . . . . . . . . $108,103
Taxes on Income . . . . . . . . . . . . . . . . 46,896
Net Income Plus Taxes. . . . . . . . . . . 154,999
Fixed Charges:
Interest on Long-Term Debt. . . . . . . . . . 53,908
Interest on Other Indebtedness. . . . . . . . 6,075
Interest on Corporate-owned
Life Insurance Borrowings . . . . . . . . . 11,865
Interest Applicable to Rentals. . . . . . . . 24,967
Total Fixed Charges . . . . . . . . . . . 96,815
Earnings. . . . . . . . . . . . . . . . . . . . $251,814
Ratio of Earnings to Fixed Charges. . . . . . . 2.60