EX-12.A 2 cnl-63012xq2ex12a.htm EXHIBIT 12(A) CNL-6.30.12-Q2 EX 12A


CLECO CORPORATION
EXHIBIT 12(a)
 
 
Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined
Fixed Charges and Preferred Stock Dividends
 
 
 
 
 
 
 
FOR THE THREE MONTHS ENDED

 
FOR THE SIX MONTHS ENDED

 
FOR THE TWELVE MONTHS ENDED

 
(THOUSANDS, EXCEPT RATIOS)
JUNE 30, 2012
 
Earnings from continuing operations
$
46,686

 
$
76,718

 
$
173,203

 
Undistributed equity income from investees
—

 
(1
)
 
1

 
Income taxes
20,520

 
33,930

 
88,113

 
Earnings from continuing operations before income taxes
$
67,206

 
$
110,647

 
$
261,317

 
Fixed charges:
 
 
 
 
 
 
Interest
$
20,175

 
$
40,461

 
$
58,108

 
Amortization of debt expense, premium, net
919

 
1,601

 
3,136

 
Portion of rentals representative of an interest factor
124

 
242

 
498

 
Interest of capitalized lease
410

 
831

 
1,705

 
Total fixed charges
$
21,628

 
$
43,135

 
$
63,447

 
Earnings from continuing operations before income taxes
$
67,206

 
$
110,647

 
$
261,317

 
Plus:  total fixed charges from above
21,628

 
43,135

 
63,447

 
Plus:  amortization of capitalized interest
128

 
256

 
512

 
Earnings from continuing operations before income taxes and fixed charges
$
88,962

 
$
154,038

 
$
325,276

 
Ratio of earnings to fixed charges
4.11

X
3.57

X
5.13

X