EX-12.A 3 cnl-33113xq1ex12a.htm EXHIBIT 12(A) CNL-3.31.13-Q1 EX 12A


CLECO CORPORATION
EXHIBIT 12(a)
 
 
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
FOR THE THREE MONTHS ENDED

 
FOR THE TWELVE MONTHS ENDED

 
(THOUSANDS, EXCEPT RATIOS)
MAR. 31, 2013
 
Earnings from continuing operations
$
27,133

 
$
160,749

 
Undistributed equity loss from investees
—

 
1

 
Income taxes
13,081

 
64,997

 
Earnings from continuing operations before income taxes
$
40,214

 
$
225,747

 
Fixed charges:
 
 
 
 
Interest
$
21,054

 
$
84,061

 
Amortization of debt expense, premium, net
777

 
3,251

 
Portion of rentals representative of an interest factor
129

 
503

 
Interest of capitalized lease
168

 
1,238

 
Total fixed charges
$
22,128

 
$
89,053

 
Earnings from continuing operations before income taxes
$
40,214

 
$
225,747

 
Plus:  total fixed charges from above
22,128

 
89,053

 
Plus:  amortization of capitalized interest
128

 
511

 
Earnings from continuing operations before income taxes and fixed charges
$
62,470

 
$
315,311

 
Ratio of earnings to fixed charges
2.82

X
3.54

X