EX-12.C 41 a10kex-12c2017.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,
 
2013
 
2014
 
2015
 
2016
 
2017
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
  Total Interest

$59,031

 

$57,002

 

$57,842

 

$57,114

 

$51,260

  Interest applicable to rentals
1,148

 
1,498

 
1,765

 
1,269

 
1,440

 
 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
60,179

 
58,500

 
59,607

 
58,383

 
52,700

 
 
 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
4,580

 
4,580

 
4,580

 
3,956

 
1,543

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$64,759

 

$63,080

 

$64,187

 

$62,339

 

$54,243

 
 
 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income

$82,159

 

$74,821

 

$92,708

 

$109,184

 

$110,032

  Add:
 
 
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
 
 
    Total income taxes
49,757

 
55,710

 
61,872

 
63,854

 
73,919

    Fixed charges as above
60,179

 
58,500

 
59,607

 
58,383

 
52,700

 
 
 
 
 
 
 
 
 
 
Total earnings, as defined

$192,095

 

$189,031

 

$214,187

 

$231,421

 

$236,651

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.19

 
3.23

 
3.59

 
3.96

 
4.49

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 
 
 
 preferred dividends, as defined
2.97

 
3.00

 
3.34

 
3.71

 
4.36

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_______________
 
 
 
 
 
 
 
 
 
(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.