EX-12.(A) 10 nee-03312016xex12a.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) 


 
Three Months Ended 
 March 31, 2016
 
   (millions of dollars)
Earnings, as defined:
 
Net income
$
637

Income taxes
259

Fixed charges included in the determination of net income, as below
531

Amortization of capitalized interest
9

Distributed income of equity method investees
21

Less equity in earnings of equity method investees
32

Total earnings, as defined
$
1,425

 
 
Fixed charges, as defined:
 
Interest expense
$
509

Rental interest factor
15

Allowance for borrowed funds used during construction
7

Fixed charges included in the determination of net income
531

Capitalized interest
28

Total fixed charges, as defined
$
559

 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
2.55

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(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.