EX-12.C 11 exhibit12cq315.htm EXHIBIT 12.C Exhibit


Exhibit 12(c)
 
 
 
 
 
 
 
 
Entergy Mississippi, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
September 30,
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
  Total Interest
$
55,774

$
52,273

$
57,345

$
59,031

$
57,002

$
57,243

  Interest applicable to rentals
1,921

1,731

1,637

1,148

1,498

1,681

 
 
 
 
 
 
 
Total fixed charges, as defined
57,695

54,004

58,982

60,179

58,500

58,924

 
 
 
 
 
 
 
Preferred dividends, as defined (a)
3,435

4,580

4,580

4,580

4,580

4,580

 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
61,130

$
58,584

$
63,562

$
64,759

$
63,080

$
63,504

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income
$
85,377

$
108,729

$
46,768

$
82,159

$
74,821

$
116,672

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
    Total income taxes
50,111

28,801

58,679

49,757

55,710

75,720

    Fixed charges as above
57,695

54,004

58,982

60,179

58,500

58,924

 
 
 
 
 
 
 
Total earnings, as defined
$
193,183

$
191,534

$
164,429

$
192,095

$
189,031

$
251,316

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.35

3.55

2.79

3.19

3.23

4.27

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 preferred dividends, as defined
3.16

3.27

2.59

2.97

3.00

3.96

 
 
 
 
 
 
 
 
 
 
 
 
 
 
_______________
 
 
 
 
 
 
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
      requirement by one hundred percent (100%) minus the income tax rate.