EX-12.(F) 15 a10kex-12f2016.htm EXHIBIT 12.(F) Exhibit


 
 
 
Exhibit 12(f)
 
 
 
 
 
 
 
System Energy Resources, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2012
2013
2014
2015
2016
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
  Total Interest
$
45,214

$
38,173

$
58,384

$
45,532

$
37,529

  Interest applicable to rentals
655

974

799

1,091

654

 
 
 
 
 
 
Total fixed charges, as defined
$
45,869

$
39,147

$
59,183

$
46,623

$
38,183

 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
  Net Income
$
111,866

$
113,664

$
96,334

$
111,318

$
96,744

  Add:
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
      Total
77,115

68,853

83,310

53,077

71,061

    Fixed charges as above
45,869

39,147

59,183

46,623

38,183

 
 
 
 
 
 
Total earnings, as defined
$
234,850

$
221,664

$
238,827

$
211,018

$
205,988

 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
5.12

5.66

4.04

4.53

5.39