Exhibit 12.01 | ||||||||||||||||||
Entergy Corporation and Subsidiaries | ||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | ||||||||||||||||||
For the Three Months Ended | For the Twelve Months Ended | |||||||||||||||||
March 31, | December 31, | |||||||||||||||||
2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||
Fixed charges, as defined: | ||||||||||||||||||
Interest on long-term debt | $ 170,392 | $ 160,106 | $ 651,235 | $ 654,811 | $ 627,897 | $ 620,472 | $ | 579,176 | ||||||||||
Other interest | 12,531 | 10,983 | 55,978 | 45,734 | 42,199 | 40,607 | 50,360 | |||||||||||
Capitalized interest | 168 | — | 245 | 6,757 | 13,620 | 10,498 | 13,702 | |||||||||||
Total Interest Charges | 183,091 | 171,089 | 707,458 | 707,302 | 683,716 | 671,577 | 643,238 | |||||||||||
Interest applicable to rentals | 4,416 | 4,030 | 16,530 | 14,077 | 21,091 | 19,617 | 21,592 | |||||||||||
Dividends on preferred stock of consolidated subsidiaries | 4,618 | 5,608 | 22,364 | 31,166 | 32,353 | 30,150 | 30,469 | |||||||||||
Total fixed charges, as defined | $ 192,125 | $ 180,727 | $ 746,352 | $ 752,545 | $ 737,160 | $ 721,344 | $ | 695,299 | ||||||||||
Earnings, as defined: | ||||||||||||||||||
Income From Continuing Operations | $ 132,761 | $ 82,605 | $ 411,612 | $(583,618) | $(176,562) | $ 940,721 | $ | 711,902 | ||||||||||
Add: | ||||||||||||||||||
Provision for income taxes (benefit) | 43,663 | 7,763 | 542,570 | (817,259) | (642,927) | 589,597 | 225,981 | |||||||||||
Fixed charges as above, less dividends on preferred stock of consolidated subsidiaries and capitalized interest | 187,339 | 175,119 | 723,743 | 714,622 | 691,187 | 680,696 | 651,128 | |||||||||||
Total earnings, as defined | $ 363,763 | $ 265,487 | $ 1,677,925 | $(686,255) | $(128,302) | $ 2,211,014 | $ | 1,589,011 | ||||||||||
Ratio of earnings to fixed charges, as defined | 1.89 | 1.47 | 2.25 | — | (a) | — | (b) | 3.07 | 2.29 | |||||||||
(a) Earnings, as defined, for the twelve months ended December 31, 2016 were $1,438.8 million less than fixed charges, as defined. | ||||||||||||||||||
(b) Earnings, as defined, for the twelve months ended December 31, 2015 were $865.5 million less than fixed charges, as defined. |