EX-12.(C) 12 a10kex-12c2016.htm EXHIBIT 12.(C) Exhibit


 
 
 
Exhibit 12(c)
 
 
 
 
 
 
 
Entergy Mississippi, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2012
2013
2014
2015
2016
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
  Total Interest
$
57,345

$
59,031

$
57,002

$
57,842

$
57,114

  Interest applicable to rentals
1,637

1,148

1,498

1,765

1,269

 
 
 
 
 
 
Total fixed charges, as defined
58,982

60,179

58,500

59,607

58,383

 
 
 
 
 
 
Preferred dividends, as defined (a)
4,580

4,580

4,580

4,580

3,956

 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
63,562

$
64,759

$
63,080

$
64,187

$
62,339

 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
  Net Income
$
46,768

$
82,159

$
74,821

$
92,708

$
109,184

  Add:
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
    Total income taxes
58,679

49,757

55,710

61,872

63,854

    Fixed charges as above
58,982

60,179

58,500

59,607

58,383

 
 
 
 
 
 
Total earnings, as defined
$
164,429

$
192,095

$
189,031

$
214,187

$
231,421

 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.79

3.19

3.23

3.59

3.96

 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 preferred dividends, as defined
2.59

2.97

3.00

3.34

3.71

 
 
 
 
 
 
 
 
 
 
 
 
_______________
 
 
 
 
 
(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.