EX-12.B 5 exhibit12bq118.htm EXHIBIT 12.B

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 |  | Three Months Ended
| December 31, |  | March 31,
| 2013 | 2014 | 2015 | 2016 | 2017 |  | 2018
Fixed charges, as defined: |  |  |  |  |  |  |
Total interest |  | $234,647 |  |  | $253,455 |  |  | $259,894 |  |  | $273,283 |  |  | $275,185 |  |  |  | $70,096 |
Interest applicable to rentals | 5,445 |  | 5,238 |  | 5,534 |  | 4,041 |  | 5,649 |  |  | 1,777 |
Total fixed charges, as defined | 240,092 |  | 258,693 |  | 265,428 |  | 277,324 |  | 280,834 |  |  | 71,873 |
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 |  |  |  | $71,873 |
Earnings as defined: |  |  |  |  |  |  |
Net income |  | $414,126 |  |  | $446,022 |  |  | $446,639 |  |  | $622,047 |  |  | $316,347 |  |  |  | $111,593 |
Add: |  |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |  |
Total income taxes | 138,696 |  | 185,052 |  | 178,671 |  | 89,734 |  | 485,298 |  |  | 21,748 |
Fixed charges as above | 240,092 |  | 258,693 |  | 265,428 |  | 277,324 |  | 280,834 |  |  | 71,873 |
Total earnings, as defined |  | $792,914 |  |  | $889,767 |  |  | $890,738 |  |  | $989,105 |  |  | $1,082,479 |  |  |  | $205,214 |
Ratio of earnings to fixed charges, as defined | 3.30 |  | 3.44 |  | 3.36 |  | 3.57 |  | 3.85 |  |  | 2.86 |
Ratio of earnings to combined fixed charges and preferred distributions, as defined | 3.14 |  | 3.28 |  | 3.24 |  | 3.57 |  | 3.85 |  |  | 2.86 |
_______________________ |  |  |  |  |  |  |
(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.