Three Months Ended March 31, 2018 | |||
(millions of dollars) | |||
Earnings, as defined: | |||
Net income | $ | 3,831.1 | |
Income taxes | 1,248.9 | ||
Fixed charges included in the determination of net income, as below | 247.9 | ||
Amortization of capitalized interest | 7.8 | ||
Distributed income of equity method investees | 84.4 | ||
Less equity in earnings of equity method investees | 197.1 | ||
Total earnings, as defined | $ | 5,223.0 | |
Fixed charges, as defined: | |||
Interest expense | $ | 226.0 | |
Rental interest factor | 15.8 | ||
Allowance for borrowed funds used during construction | 6.1 | ||
Fixed charges included in the determination of net income | 247.9 | ||
Capitalized interest | 16.8 | ||
Total fixed charges, as defined | $ | 264.7 | |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 19.73 |
(a) | NextEra Energy, Inc. has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends. |