EX-12.01 3 xcelex1201q42016.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 thousands, except ratio)

 
Year Ended Dec. 31
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
1,704,596

 
$
1,527,204

 
$
1,545,121

 
$
1,432,210

 
$
1,355,402

Add: Fixed charges
745,882

 
700,512

 
677,390

 
686,258

 
734,564

Add: Dividends from unconsolidated subsidiaries
46,170

 
40,128

 
36,707

 
36,416

 
33,470

Deduct: Equity earnings of unconsolidated subsidiaries
42,123

 
34,390

 
30,151

 
30,020

 
29,971

Total earnings, as defined
$
2,454,525

 
$
2,233,454

 
$
2,229,067

 
$
2,124,864

 
$
2,093,465

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
646,907

 
$
595,282

 
$
566,608

 
$
575,199

 
$
601,582

Interest charges on life insurance policy borrowings
203

 
233

 
214

 
245

 
310

Interest component of leases
98,772

 
104,997

 
110,568

 
110,814

 
132,672

Total fixed charges, as defined
$
745,882

 
$
700,512

 
$
677,390

 
$
686,258

 
$
734,564

Ratio of earnings to fixed charges
3.3

 
3.2

 
3.3

 
3.1

 
2.8