EX-12.(A) 14 a10kex-12a2015.htm EXHIBIT 12.(A) Exhibit


 
 
 
Exhibit 12(a)
 
 
 
 
 
 
 
Entergy Arkansas, 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,
 
2011
2012
2013
2014
2015
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
  Total Interest Charges
$
83,545

$
82,860

$
91,318

$
93,921

$
105,622

  Interest applicable to rentals
6,492

5,768

5,350

4,539

5,109

 
 
 
 
 
 
Total fixed charges, as defined
90,037

88,628

96,668

98,460

110,731

 
 
 
 
 
 
Preferred dividends, as defined (a)
11,310

11,310

11,310

11,310

11,310

 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
101,347

$
99,938

$
107,978

$
109,770

$
122,041

 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
  Net Income
$
164,891

$
152,365

$
161,948

$
121,392

$
74,272

  Add:
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
       Total
132,765

94,806

91,787

83,629

40,541

    Fixed charges as above
90,037

88,628

96,668

98,460

110,731

 
 
 
 
 
 
Total earnings, as defined
$
387,693

$
335,799

$
350,403

$
303,481

$
225,544

 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
4.31

3.79

3.62

3.08

2.04

 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 preferred dividends, as defined
3.83

3.36

3.25

2.76

1.85

 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
(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.