EX-12.(C) 5 exhibit12cq218.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
 
Six Months Ended
 
 
December 31,
 
June 30,
 
 
2013
2014
2015
2016
2017
 
2018
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
  Total interest

$59,031


$57,002


$57,842


$57,114


$51,260

 

$27,966

 
  Interest applicable to rentals
1,148

1,498

1,765

1,269

1,440

 
781

 
 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
60,179

58,500

59,607

58,383

52,700

 
28,747

 
 
 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
4,580

4,580

4,580

3,956

1,543

 
636

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$64,759


$63,080


$64,187


$62,339


$54,243

 

$29,383

 
 
 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net income

$82,159


$74,821


$92,708


$109,184


$110,032

 

$61,085

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

55,710

61,872

63,854

73,919

 
(107,559
)
 
    Fixed charges as above
60,179

58,500

59,607

58,383

52,700

 
28,747

 
 
 
 
 
 
 
 
 
 
Total earnings, as defined

$192,095


$189,031


$214,187


$231,421


$236,651

 

($17,727
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.19

3.23

3.59

3.96

4.49

 

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

3.00

3.34

3.71

4.36

 

(c)
 
 
 
 
 
 
 
 
 
_______________
 
 
 
 
 
 
 
 
(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.
 
(b) Earnings, as defined, for the six months ended June 30, 2018 were $46.5 million less than fixed charges, as defined.
(c) Earnings, as defined, for the six months ended June 30, 2018 were $47.1 million less than fixed charges, as defined.