EX-12.01 4 a2013oge10-kxex1201.htm EXHIBIT 12.01 2013 OGE 10-K - Ex. 12.01


Exhibit 12.01

OGE Energy Corp.
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2013
2012
2011
2010
2009
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income
$
524.1

$
520.1

$
524.3

$
461.4

$
382.2

Add: Fixed charges
157.2

174.4

161.8

150.1

154.5

Subtotal
681.3

694.5

686.1

611.5

536.7

 
 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
3.4

3.5

10.4

5.5

8.3

Other capitalized interest
2.0

4.5

8.7

2.5

6.3

Total earnings
675.9

686.5

667.0

603.5

522.1

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
147.6

163.4

154.8

141.8

143.6

Interest on short-term debt and other interest charges
5.3

8.7

5.2

5.9

8.4

Calculated interest on leased property
4.3

2.3

1.8

2.4

2.5

Total fixed charges
$
157.2

$
174.4

$
161.8

$
150.1

$
154.5

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.30

3.94

4.12

4.02

3.38