EX-12.01 2 xcelex1201q42014.htm EXHIBIT 12.01 XCEL EX 12.01 Q4 2014


Exhibit 12.01

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

 
Year Ended Dec. 31
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income from continuing operations
$
1,545,121

 
$
1,432,210

 
$
1,355,402

 
$
1,309,690

 
$
1,188,591

Add: Fixed charges
677,390

 
686,258

 
734,564

 
725,375

 
708,529

Add: Dividends from unconsolidated subsidiaries
36,707

 
36,416

 
33,470

 
34,034

 
32,538

Deduct: Equity earnings of unconsolidated subsidiaries
30,151

 
30,020

 
29,971

 
30,527

 
29,948

Total earnings, as defined
$
2,229,067

 
$
2,124,864

 
$
2,093,465

 
$
2,038,572

 
$
1,899,710

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
566,608

 
$
575,199

 
$
601,582

 
$
591,098

 
$
577,291

Interest charges on life insurance policy borrowings
214

 
245

 
310

 
332

 
372

Interest component of leases
110,568

 
110,814

 
132,672

 
133,945

 
130,866

Total fixed charges, as defined
$
677,390

 
$
686,258

 
$
734,564

 
$
725,375

 
$
708,529

Ratio of earnings to fixed charges
3.3

 
3.1

 
2.8

 
2.8

 
2.7