EX-12.(A) 3 exhibit12aq218.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
 
Six Months Ended
 
December 31,
 
June 30,
 
2013
2014
2015
2016
2017
 
2018
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
  Total interest charges

$91,318


$93,921


$105,622


$115,311


$122,075

 
60,683

  Interest applicable to rentals
5,350

4,539

5,109

3,210

3,036

 
1,308

 
 
 
 
 
 
 
 
Total fixed charges, as defined
96,668

98,460

110,731

118,521

125,111

 
61,991

 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
11,310

11,310

11,310

8,672

2,350

 
967

 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$107,978


$109,770


$122,041


$127,193


$127,461

 

$62,958

 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
  Net income

$161,948


$121,392


$74,272


$167,212


$139,844

 
118,811

  Add:
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
       Total
91,787

83,629

40,541

107,773

93,804

 
(72,329
)
    Fixed charges as above
96,668

98,460

110,731

118,521

125,111

 
61,991

 
 
 
 
 
 
 
 
Total earnings, as defined

$350,403


$303,481


$225,544


$393,506


$358,759

 

$108,473

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.62

3.08

2.04

3.32

2.87

 
1.75

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

2.76

1.85

3.09

2.81

 
1.72

 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
 
(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.