EX-12.(A) 5 efh-20121231xexhibit12a.htm COMPUTATION OF EARNINGS TO FIXED CHARGES EFH-2012.12.31-Exhibit 12(a)


EXHIBIT 12(a)

 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2009
 
2008
EARNINGS:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(3,360
)
 
$
(1,913
)
 
$
(2,812
)
 
$
408

 
$
(9,998
)
Subtract: Equity in earnings of unconsolidated subsidiaries (net of tax)
(270
)
 
(286
)
 
(277
)
 
—

 
—

Add: Total federal income tax expense (benefit)
(1,232
)
 
(1,134
)
 
389

 
367

 
(471
)
Fixed charges (see detail below)
3,578

 
4,360

 
3,646

 
3,225

 
5,280

Distributed income of equity investees
147

 
116

 
169

 
—

 
—

Total earnings (loss)
$
(1,137
)
 
$
1,143

 
$
1,115

 
$
4,000

 
$
(5,189
)
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense
$
3,544

 
$
4,326

 
$
3,614

 
$
3,190

 
$
5,246

Rentals representative of the interest factor
34

 
34

 
32

 
35

 
34

Total fixed charges
$
3,578

 
$
4,360

 
$
3,646

 
$
3,225

 
$
5,280

RATIO OF EARNINGS TO FIXED CHARGES (a)
—

 
—

 
—

 
1.24

 
—

____________
(a)
Fixed charges exceeded earnings by $4.715, $3.217 billion, $2.531 billion and $10.469 billion for the years ended December 31, 2012, 2011, 2010 and 2008, respectively.