EX-12.A 39 a10kex-12a2017.htm EXHIBIT 12.A Exhibit


 
 
 
 
 
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
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2013
 
2014
 
2015
 
2016
 
2017
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
  Total Interest Charges

$91,318

 

$93,921

 

$105,622

 

$115,311

 

$122,075

  Interest applicable to rentals
5,350

 
4,539

 
5,109

 
3,210

 
3,036

 
 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
96,668

 
98,460

 
110,731

 
118,521

 
125,111

 
 
 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
11,310

 
11,310

 
11,310

 
8,672

 
2,350

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$107,978

 

$109,770

 

$122,041

 

$127,193

 

$127,461

 
 
 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
  Net Income

$161,948

 

$121,392

 

$74,272

 

$167,212

 

$139,844

  Add:
 
 
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
 
 
       Total
91,787

 
83,629

 
40,541

 
107,773

 
93,804

    Fixed charges as above
96,668

 
98,460

 
110,731

 
118,521

 
125,111

 
 
 
 
 
 
 
 
 
 
Total earnings, as defined

$350,403

 

$303,481

 

$225,544

 

$393,506

 

$358,759

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.62

 
3.08

 
2.04

 
3.32

 
2.87

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 
 
 
 preferred dividends, as defined
3.25

 
2.76

 
1.85

 
3.09

 
2.81

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
 
 
 
(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.