EX-12.01 4 a024181201.htm EXHIBIT 12.01 Exhibit


 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Corporation and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
For the Twelve Months Ended
 
March 31,
 
December 31,
 
2018
 
2017
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
 $ 170,392
 
 $ 160,106

 
 $ 651,235
 
 $ 654,811

 
 $ 627,897

 
 $ 620,472
 
$
579,176

Other interest
12,531
 
10,983

 
55,978
 
45,734

 
42,199

 
40,607
 
50,360

Capitalized interest
           168
 

 
            245
 
        6,757

 
      13,620

 
        10,498
 
13,702

Total Interest Charges
183,091
 
171,089

 
707,458
 
707,302

 
683,716

 
671,577
 
643,238

Interest applicable to rentals
4,416
 
4,030

 
16,530
 
14,077

 
21,091

 
19,617
 
21,592

Dividends on preferred stock of consolidated subsidiaries
4,618
 
5,608

 
22,364
 
31,166

 
32,353

 
30,150
 
30,469

     
 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
 $ 192,125
 
 $ 180,727

 
 $ 746,352
 
 $ 752,545

 
 $ 737,160

 
 $ 721,344
 
$
695,299

     
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
Income From Continuing Operations
 $ 132,761
 
 $ 82,605

 
 $ 411,612
 
 $(583,618)

 
 $(176,562)

 
 $ 940,721
 
$
711,902

Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes (benefit)
43,663
 
7,763

 
542,570
 
(817,259)

 
(642,927)

 
589,597
 
225,981

Fixed charges as above, less dividends on preferred stock of consolidated subsidiaries and capitalized interest
187,339
 
175,119

 
723,743
 
714,622

 
691,187

 
680,696
 
651,128

     
 
 
 
 
 
 
 
 
 
 
 
 
 
Total earnings, as defined
 $ 363,763
 
 $ 265,487

 
 $ 1,677,925
 
 $(686,255)

 
 $(128,302)

 
 $ 2,211,014
 
$
1,589,011

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
1.89
 
1.47

 
2.25
 

(a)

(b)
3.07
 
2.29

     
 
 
 
 
 
 
 
 
 
 
 
 
 





 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Earnings, as defined, for the twelve months ended December 31, 2016 were $1,438.8 million less than fixed charges, as defined.
 
 
(b) Earnings, as defined, for the twelve months ended December 31, 2015 were $865.5 million less than fixed charges, as defined.