EX-12.B 3 exhibit12bq115.htm EXHIBIT 12.B Exhibit 12(b) Q1 15


Exhibit 12(b)
 
 
 
 
 
 
 
 
Entergy Gulf States Louisiana, L.L.C.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
  Total Interest charges
$
101,318

$
84,356

$
83,251

$
81,118

$
86,705

$
88,367

  Interest applicable to rentals
2,204

2,309

2,074

1,902

1,796

1,777

 
 
 
 
 
 
 
Total fixed charges, as defined
103,522

86,665

85,325

83,020

88,501

90,144

 
 
 
 
 
 
 
Preferred dividends, as defined (a)
1,006

1,341

1,341

1,341

1,344

1,344

 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
104,528

$
88,006

$
86,666

$
84,361

$
89,845

$
91,488

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
  Net Income
$
174,319

$
201,604

$
158,977

$
161,662

$
162,491

$
169,864

  Add:
 
 
 
 
 
 
    Income Taxes
92,297

89,736

52,616

56,819

88,782

81,998

    Fixed charges as above
103,522

86,665

85,325

83,020

88,501

90,144

 
 
 
 
 
 
 
Total earnings, as defined
$
370,138

$
378,005

$
296,918

$
301,501

$
339,774

$
342,006

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.58

4.36

3.48

3.63

3.84

3.79

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 preferred dividends, as defined
3.54

4.30

3.43

3.57

3.78

3.74

 
 
 
 
 
 
 
_______________________
 
 
 
 
 
 
(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.