EX-12.C 4 exhibit12cq115.htm EXHIBIT 12.C Exhibit 12(c) Q1 15


Exhibit 12(c)
 
 
 
 
 
 
 
 
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Total Interest
$
119,484

$
116,803

$
136,967

$
153,529

$
166,750

$
169,402

  Interest applicable to rentals
4,103

4,269

3,928

3,544

3,442

3,642

 
 
 
 
 
 
 
Total fixed charges, as defined
123,587

121,072

140,895

157,073

170,192

173,044

 
 
 
 
 
 
 
Preferred distributions, as defined (a)
8,474

11,297

11,297

11,297

11,328

11,328

 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined
$
132,061

$
132,369

$
152,192

$
168,370

$
181,520

$
184,372

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
  Net Income
$
231,435

$
473,923

$
281,081

$
252,464

$
283,531

$
297,417

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
Total Taxes (Benefit)
66,546

(370,211
)
(128,922
)
81,877

96,270

98,945

    Fixed charges as above
123,587

121,072

140,895

157,073

170,192

173,044

 
 
 
 
 
 
 
Total earnings, as defined
$
421,568

$
224,784

$
293,054

$
491,414

$
549,993

$
569,406

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.41

1.86

2.08

3.13

3.23

3.29

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
preferred distributions, as defined
3.19

1.70

1.93

2.92

3.03

3.09

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