EX-12.(B) 15 a10kex-12b2015.htm EXHIBIT 12.(B) Exhibit


 
 
 
Exhibit 12(b)
 
 
 
 
 
 
 
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2011
2012
2013
2014
2015
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
Total Interest
$
201,159

$
220,218

$
234,647

$
253,455

$
259,894

  Interest applicable to rentals
6,578

6,002

5,445

5,238

5,534

     
 
 
 
 
 
Total fixed charges, as defined
207,737

226,220

240,092

258,693

265,428

     
 
 
 
 
 
Preferred distributions, as defined (a)
12,638

12,638

12,638

12,672

9,325

 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined
$
220,375

$
238,858

$
252,730

$
271,365

$
274,753

 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
  Net Income
$
675,527

$
440,058

$
414,126

$
446,022

$
446,639

  Add:
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
Total Taxes (Benefit)
(280,475
)
(76,306
)
138,696

185,052

178,671

    Fixed charges as above
207,737

226,220

240,092

258,693

265,428

     
 
 
 
 
 
Total earnings, as defined
$
602,789

$
589,972

$
792,914

$
889,767

$
890,738

 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.90

2.61

3.30

3.44

3.36

     
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
preferred distributions, as defined
2.74

2.47

3.14

3.28

3.24

 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
(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.