EX-12.A 3 efh-20151231xexhibit12a.htm COMPUTATION OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12(a)

 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
EARNINGS:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(5,342
)
 
$
(6,406
)
 
$
(2,325
)
 
$
(3,360
)
 
$
(1,913
)
Subtract: Equity in earnings of unconsolidated subsidiaries (net of tax)
(334
)
 
(349
)
 
(335
)
 
(270
)
 
(286
)
Add: Total federal income tax expense (benefit)
(1,670
)
 
(2,619
)
 
(1,271
)
 
(1,232
)
 
(1,134
)
Fixed charges (see detail below)
1,799

 
2,246

 
2,759

 
3,578

 
4,360

Distributed income of equity investees
322

 
202

 
213

 
147

 
116

Total earnings (loss)
$
(5,225
)
 
$
(6,926
)
 
$
(959
)
 
$
(1,137
)
 
$
1,143

FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest expense
$
1,771

 
$
2,218

 
$
2,729

 
$
3,544

 
$
4,326

Rentals representative of the interest factor
28

 
28

 
30

 
34

 
34

Total fixed charges
$
1,799

 
$
2,246

 
$
2,759

 
$
3,578

 
$
4,360

RATIO OF EARNINGS TO FIXED CHARGES (a)
—

 
—

 
—

 
—

 
—

____________
(a)
Fixed charges exceeded earnings by $7.024 billion, $9.172 billion, $3.718 billion, $4.715 billion and $3.217 billion for the years ended December 31, 2015, 2014, 2013, 2012 and 2011, respectively.