EX-12.A 6 nee-12312017ex12a.htm EXHIBIT 12(A)
Exhibit 12(a)
NEXTERA ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(a)

| Years Ended December 31,
| 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
| (millions of dollars)
Earnings, as defined: |  |  |  |  |  |  |  |  |
Net Income | $ | 5,320 |  |  | $ | 3,005 |  |  | $ | 2,762 |  |  | $ | 2,469 |  |  | $ | 1,677 |
Income taxes | (653 | ) |  | 1,383 |  |  | 1,228 |  |  | 1,176 |  |  | 777 |
Fixed charges included in the determination of net income, as below | 1,658 |  |  | 1,184 |  |  | 1,287 |  |  | 1,331 |  |  | 1,195 |
Amortization of capitalized interest | 38 |  |  | 38 |  |  | 40 |  |  | 39 |  |  | 34 |
Distributed income of equity method investees | 160 |  |  | 102 |  |  | 80 |  |  | 33 |  |  | 33 |
Less equity in earnings of equity method investees | 141 |  |  | 148 |  |  | 107 |  |  | 93 |  |  | 25 |
Total earnings, as defined | $ | 6,382 |  |  | $ | 5,564 |  |  | $ | 5,290 |  |  | $ | 4,955 |  |  | $ | 3,691 |
Fixed charges, as defined: |  |  |  |  |  |  |  |  |
Interest expense | $ | 1,558 |  |  | $ | 1,093 |  |  | $ | 1,211 |  |  | $ | 1,261 |  |  | $1,121 |
Rental interest factor | 75 |  |  | 66 |  |  | 55 |  |  | 55 |  |  | 47 |
Allowance for borrowed funds used during construction | 25 |  |  | 25 |  |  | 21 |  |  | 15 |  |  | 27 |
Fixed charges included in the determination of net income | 1,658 |  |  | 1,184 |  |  | 1,287 |  |  | 1,331 |  |  | 1,195 |
Capitalized interest | 89 |  |  | 110 |  |  | 100 |  |  | 113 |  |  | 140 |
Total fixed charges, as defined | $ | 1,747 |  |  | $ | 1,294 |  |  | $ | 1,387 |  |  | $ | 1,444 |  |  | $ | 1,335 |
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 3.65 |  |  | 4.30 |  |  | 3.81 |  |  | 3.43 |  |  | 2.76 |

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(a) | NextEra Energy, Inc. has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends.