EX-12.A 6 nee-12312017ex12a.htm EXHIBIT 12(A) Exhibit


Exhibit 12(a)


NEXTERA ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(a) 


 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(millions of dollars)
Earnings, as defined:
 
 
 
 
 
 
 
 
 
Net Income
$
5,320
 
 
$
3,005
 
 
$
2,762
 
 
$
2,469
 
 
$
1,677
 
Income taxes
(653
)
 
1,383
 
 
1,228
 
 
1,176
 
 
777
 
Fixed charges included in the determination of net income, as below
1,658
 
 
1,184
 
 
1,287
 
 
1,331
 
 
1,195
 
Amortization of capitalized interest
38
 
 
38
 
 
40
 
 
39
 
 
34
 
Distributed income of equity method investees
160
 
 
102
 
 
80
 
 
33
 
 
33
 
Less equity in earnings of equity method investees
141
 
 
148
 
 
107
 
 
93
 
 
25
 
Total earnings, as defined
$
6,382
 
 
$
5,564
 
 
$
5,290
 
 
$
4,955
 
 
$
3,691
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
Interest expense
$
1,558
 
 
$
1,093
 
 
$
1,211
 
 
$
1,261
 
 
$1,121
 
Rental interest factor
75
 
 
66
 
 
55
 
 
55
 
 
47
 
Allowance for borrowed funds used during construction
25
 
 
25
 
 
21
 
 
15
 
 
27
 
Fixed charges included in the determination of net income
1,658
 
 
1,184
 
 
1,287
 
 
1,331
 
 
1,195
 
Capitalized interest
89
 
 
110
 
 
100
 
 
113
 
 
140
 
Total fixed charges, as defined
$
1,747
 
 
$
1,294
 
 
$
1,387
 
 
$
1,444
 
 
$
1,335
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
3.65
 
 
4.30
 
 
3.81
 
 
3.43
 
 
2.76
 
__________________

(a)
NextEra Energy, Inc. has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.