EX-12.A 2 exhibit12aq115.htm EXHIBIT 12.A Exhibit 12(a) Q1 15


Exhibit 12(a)
 
 
 
 
 
 
 
 
Entergy Arkansas, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
  Total Interest Charges
$
91,598

$
83,545

$
82,860

$
91,318

$
93,921

$
97,575

  Interest applicable to rentals
6,612

6,492

5,768

5,350

4,539

4,566

 
 
 
 
 
 
 
Total fixed charges, as defined
98,210

90,037

88,628

96,668

98,460

102,141

 
 
 
 
 
 
 
Preferred dividends, as defined (a)
8,483

11,310

11,310

11,310

11,310

11,310

 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
106,693

$
101,347

$
99,938

$
107,978

$
109,770

$
113,451

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
  Net Income
$
172,618

$
164,891

$
152,365

$
161,948

$
121,392

$
110,887

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
       Total
112,944

132,765

94,806

91,787

83,629

69,122

    Fixed charges as above
98,210

90,037

88,628

96,668

98,460

102,141

 
 
 
 
 
 
 
Total earnings, as defined
$
383,772

$
387,693

$
335,799

$
350,403

$
303,481

$
282,150

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.91

4.31

3.79

3.62

3.08

2.76

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 preferred dividends, as defined
3.60

3.83

3.36

3.25

2.76

2.49

 
 
 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
      requirement by one hundred percent (100%) minus the income tax rate.