EX-12.B 40 a10kex-12b2017.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,
 
2013
 
2014
 
2015
 
2016
 
2017
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
Total Interest

$234,647

 

$253,455

 

$259,894

 

$273,283

 

$275,185

  Interest applicable to rentals
5,445

 
5,238

 
5,534

 
4,041

 
5,649

     
 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
240,092

 
258,693

 
265,428

 
277,324

 
280,834

     
 
 
 
 
 
 
 
 
 
Preferred distributions, as defined (a)
12,638

 
12,672

 
9,325

 

 

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined

$252,730

 

$271,365

 

$274,753

 

$277,324

 

$280,834

 
 
 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
  Net Income

$414,126

 

$446,022

 

$446,639

 

$622,047

 

$316,347

  Add:
 
 
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
 
 
Total income taxes
138,696

 
185,052

 
178,671

 
89,734

 
485,298

    Fixed charges as above
240,092

 
258,693

 
265,428

 
277,324

 
280,834

     
 
 
 
 
 
 
 
 
 
Total earnings, as defined

$792,914

 

$889,767

 

$890,738

 

$989,105

 

$1,082,479

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.30

 
3.44

 
3.36

 
3.57

 
3.85

     
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 
 
 
preferred distributions, as defined
3.14

 
3.28

 
3.24

 
3.57

 
3.85

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
 
 
 
(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.