EX-12.C 17 exhibit12cq317.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
 
Nine Months Ended
 
December 31,
 
September 30,
 
2012
2013
2014
2015
2016
 
2017
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
  Total Interest

$57,345


$59,031


$57,002


$57,842


$57,114

 

$37,953

  Interest applicable to rentals
1,637

1,148

1,498

1,765

1,269

 
1,186

 
 
 
 
 
 
 
 
Total fixed charges, as defined
58,982

60,179

58,500

59,607

58,383

 
39,139

 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
4,580

4,580

4,580

4,580

3,956

 
1,158

 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$63,562


$64,759


$63,080


$64,187


$62,339

 

$40,297

 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income

$46,768


$82,159


$74,821


$92,708


$109,184

 

$92,006

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

49,757

55,710

61,872

63,854

 
57,369

    Fixed charges as above
58,982

60,179

58,500

59,607

58,383

 
39,139

 
 
 
 
 
 
 
 
Total earnings, as defined

$164,429


$192,095


$189,031


$214,187


$231,421

 

$188,514

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.79

3.19

3.23

3.59

3.96

 
4.82

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

2.97

3.00

3.34

3.71

 
4.68

 
 
 
 
 
 
 
 
_______________
 
 
 
 
 
 
 
(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.