EX-12.A 3 cnl-63015xq2ex12a.htm EXHIBIT 12(A) CNL-6.30.15-Q2 EX 12A


CLECO CORPORATION
EXHIBIT 12(a)
 
 
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
(THOUSANDS, EXCEPT RATIOS)
FOR THE SIX MONTHS ENDED JUNE 30, 2015

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2014

 
Earnings from continuing operations
$
57,156

 
$
154,739

 
Income taxes
37,687

 
67,116

 
Total earnings from continuing operations before income taxes
$
94,843

 
$
221,855

 
Fixed charges:
 
 
 
 
Interest
$
38,915

 
$
71,959

 
Amortization of debt expense, premium, net
1,568

 
3,227

 
Portion of rentals representative of an interest factor
247

 
489

 
Interest of capitalized lease
191

 
488

 
Total fixed charges
$
40,921

 
$
76,163

 
Total earnings from continuing operations before income taxes and fixed charges
$
135,764

 
$
298,018

*
Ratio of earnings to fixed charges
3.32

X
3.91

X
* The amortization of capitalized interest of $511 thousand was removed.