EX-12.A 16 efh-20131231xexhibit12a.htm COMPUTATION OF EARNINGS TO FIXED CHARGES EFH-2013.12.31-Exhibit 12(a)


EXHIBIT 12(a)

 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
EARNINGS:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(2,325
)
 
$
(3,360
)
 
$
(1,913
)
 
$
(2,812
)
 
$
408

Subtract: Equity in earnings of unconsolidated subsidiaries (net of tax)
(335
)
 
(270
)
 
(286
)
 
(277
)
 
—

Add: Total federal income tax expense (benefit)
(1,271
)
 
(1,232
)
 
(1,134
)
 
389

 
367

Fixed charges (see detail below)
2,759

 
3,578

 
4,360

 
3,646

 
3,225

Distributed income of equity investees
213

 
147

 
116

 
169

 
—

Total earnings (loss)
$
(959
)
 
$
(1,137
)
 
$
1,143

 
$
1,115

 
$
4,000

FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense
$
2,729

 
$
3,544

 
$
4,326

 
$
3,614

 
$
3,190

Rentals representative of the interest factor
30

 
34

 
34

 
32

 
35

Total fixed charges
$
2,759

 
$
3,578

 
$
4,360

 
$
3,646

 
$
3,225

RATIO OF EARNINGS TO FIXED CHARGES (a)
—

 
—

 
—

 
—

 
1.24

____________
(a)
Fixed charges exceeded earnings by $3.718 billion, $4.715 billion, $3.217 billion and $2.531 billion for the years ended December 31, 2013, 2012, 2011 and 2010, respectively.