EX-12 18 a12b.txt
Exhibit 12(b) Entergy Gulf States, Inc. Computation of Ratios of Earnings to Fixed Charges and Ratios of Earnings to Combined Fixed Charges and Preferred Dividends 1998 1999 2000 2001 2002 Fixed charges, as defined: Total Interest charges $178,220 $153,034 $158,949 $174,368 $144,840 Interest applicable to rentals 16,927 16,451 18,307 18,520 16,483 --------------------------------------------- Total fixed charges, as defined 195,147 169,485 177,256 192,888 161,323 Preferred dividends, as defined (a) 32,031 29,355 15,742 13,017 6,190 --------------------------------------------- Combined fixed charges and preferred dividends, as defined $227,178 $198,840 $192,998 $205,905 $167,513 ============================================= Earnings as defined: Income (loss) from continuing operations before extraordinary items and the cumulative effect of accounting changes $46,393 $125,000 $180,343 $179,444 $174,078 Add: Income Taxes 31,773 75,165 103,603 82,038 65,997 Fixed charges as above 195,147 169,485 177,256 192,888 161,323 --------------------------------------------- Total earnings, as defined (b) $273,313 $369,650 $461,202 $454,370 $401,398 ============================================= Ratio of earnings to fixed charges, as defined 1.40 2.18 2.60 2.36 2.49 ============================================= Ratio of earnings to combined fixed charges and preferred dividends, as defined 1.20 1.86 2.39 2.21 2.40 ============================================= (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.