EX-12.(B) 8 exhibit12bq116.htm EXHIBIT 12.(B) Exhibit


Exhibit 12(b)
 
 
 
 
 
 
 
 
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions
 
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
March 31,
 
2011
2012
2013
2014
2015
2016
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Total Interest
$
201,159

$
220,218

$
234,647

$
253,455

$
259,894

$
259,689

  Interest applicable to rentals
6,578

6,002

5,445

5,238

5,534

5,093

 
 
 
 
 
 
 
Total fixed charges, as defined
207,737

226,220

240,092

258,693

265,428

264,782

 
 
 
 
 
 
 
Preferred distributions, as defined (a)
12,638

12,638

12,638

12,672

9,325

6,165

 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined
$
220,375

$
238,858

$
252,730

$
271,365

$
274,753

$
270,947

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
  Net Income
$
675,527

$
440,058

$
414,126

$
446,022

$
446,639

$
432,136

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
Total Taxes (Benefit)
(280,475
)
(76,306
)
138,696

185,052

178,671

185,611

    Fixed charges as above
207,737

226,220

240,092

258,693

265,428

264,782

 
 
 
 
 
 
 
Total earnings, as defined
$
602,789

$
589,972

$
792,914

$
889,767

$
890,738

$
882,529

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.90

2.61

3.30

3.44

3.36

3.33

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
preferred distributions, as defined
2.74

2.47

3.14

3.28

3.24

3.26

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