EX-12.1 39 a2204663zex-12_1.htm EX-12.1

Exhibit 12.1

 

NRG Energy, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

For the Nine Months
Ended September 30,

 

For the Year Ended December 31,

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

 

 

(In millions, except ratio)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax

 

$

762

 

$

1,669

 

$

1,766

 

$

933

 

$

861

 

$

110

 

Net loss attributable to noncontrolling interest

 

(1

)

(1

)

—

 

—

 

—

 

—

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed equity in earnings of unconsolidated affiliates

 

(41

)

(41

)

(44

)

(33

)

(33

)

(8

)

Capitalized interest

 

(11

)

(37

)

(45

)

(11

)

(5

)

—

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

493

 

703

 

634

 

715

 

603

 

180

 

Amortization of capitalized interest

 

3

 

3

 

1

 

—

 

—

 

—

 

Total Earnings:

 

$

1,205

 

$

2,296

 

$

2,312

 

$

1,604

 

$

1,426

 

$

282

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

447

 

$

610

 

$

546

 

$

657

 

$

562

 

$

166

 

Interest capitalized

 

11

 

37

 

45

 

11

 

5

 

—

 

Amortization of debt issuance costs

 

18

 

31

 

22

 

26

 

22

 

6

 

Amortization of debt discount/(premiums)

 

5

 

13

 

15

 

19

 

10

 

5

 

Approximation of interest in rental expense

 

12

 

12

 

6

 

2

 

4

 

3

 

Total Fixed Charges:

 

$

493

 

$

703

 

$

634

 

$

715

 

$

603

 

$

180

 

Ratio of Earnings to Combined Fixed Charges

 

2.44

 

3.27

 

3.65

 

2.24

 

2.36

 

1.57