EX-12.A 6 nee-12312016ex12a.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,
 
2016
 
2015
 
2014
 
2013
 
2012
 
(millions of dollars)
Earnings, as defined:
 
 
 
 
 
 
 
 
 
Net Income
$
3,005
 
 
$
2,762
 
 
$
2,469
 
 
$
1,677
 
 
$
1,911
 
Income taxes
1,383
 
 
1,228
 
 
1,176
 
 
777
 
 
692
 
Fixed charges included in the determination of net income, as below
1,184
 
 
1,287
 
 
1,331
 
 
1,195
 
 
1,124
 
Amortization of capitalized interest
38
 
 
40
 
 
39
 
 
34
 
 
25
 
Distributed income of equity method investees
102
 
 
80
 
 
33
 
 
33
 
 
32
 
Less equity in earnings of equity method investees
148
 
 
107
 
 
93
 
 
25
 
 
13
 
Total earnings, as defined
$
5,564
 
 
$
5,290
 
 
$
4,955
 
 
$
3,691
 
 
$
3,771
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
Interest expense
$
1,093
 
 
$
1,211
 
 
$
1,261
 
 
$
1,121
 
 
$1,038
 
Rental interest factor
66
 
 
55
 
 
55
 
 
47
 
 
52
 
Allowance for borrowed funds used during construction
25
 
 
21
 
 
15
 
 
27
 
 
34
 
Fixed charges included in the determination of net income
1,184
 
 
1,287
 
 
1,331
 
 
1,195
 
 
1,124
 
Capitalized interest
110
 
 
100
 
 
113
 
 
140
 
 
155
 
Total fixed charges, as defined
$
1,294
 
 
$
1,387
 
 
$
1,444
 
 
$
1,335
 
 
$
1,279
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a)
4.30
 
 
3.81
 
 
3.43
 
 
2.76
 
 
2.95
 
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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.