EX-12.01 9 xcelex1201q42017.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

XCEL ENERGY INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions, except ratio)

 
Year Ended Dec. 31
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
1,690

 
$
1,704

 
$
1,527

 
$
1,545

 
$
1,432

Add: Fixed charges
739

 
746

 
700

 
677

 
686

Add: Dividends from unconsolidated subsidiaries
41

 
46

 
40

 
37

 
37

Deduct: Equity earnings of unconsolidated subsidiaries
30

 
42

 
34

 
30

 
30

Total earnings, as defined
$
2,440

 
$
2,454

 
$
2,233

 
$
2,229

 
$
2,125

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
663

 
$
647

 
$
595

 
$
567

 
$
575

Interest component of leases
77

 
99

 
105

 
110

 
111

Total fixed charges, as defined
$
740

 
$
746

 
$
700

 
$
677

 
$
686

Ratio of earnings to fixed charges
3.3

 
3.3

 
3.2

 
3.3

 
3.1