EX-12.(B) 4 exhibit12bq218.htm EXHIBIT 12.(B) Exhibit


Exhibit 12(b)
 
 
 
 
 
 
 
 
 
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Six Months Ended
 
December 31,
 
June 30,
 
2013
2014
2015
2016
2017
 
2018
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
Total interest

$234,647


$253,455


$259,894


$273,283


$275,185

 

$143,678

  Interest applicable to rentals
5,445

5,238

5,534

4,041

5,649

 
2,798

 
 
 
 
 
 
 
 
Total fixed charges, as defined
240,092

258,693

265,428

277,324

280,834

 
146,476

 
 
 
 
 
 
 
 
Preferred distributions, as defined (a)
12,638

12,672

9,325



 

 
 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined

$252,730


$271,365


$274,753


$277,324


$280,834

 

$146,476

 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
  Net income

$414,126


$446,022


$446,639


$622,047


$316,347

 

$295,952

  Add:
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
Total income taxes
138,696

185,052

178,671

89,734

485,298

 
(33,374
)
    Fixed charges as above
240,092

258,693

265,428

277,324

280,834

 
146,476

 
 
 
 
 
 
 
 
Total earnings, as defined

$792,914


$889,767


$890,738


$989,105


$1,082,479

 

$409,054

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.30

3.44

3.36

3.57

3.85

 
2.79

 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred distributions, as defined
3.14

3.28

3.24

3.57

3.85

 
2.79

 
 
 
 
 
 
 
 
_______________________
 
 
 
 
 
 
 
(a) "Preferred distributions," as defined by SEC regulation S-K, are computed by dividing the preferred distribution
      requirement by one hundred percent (100%) minus the income tax rate.