EX-12.A 4 exhibit12aq118.htm EXHIBIT 12.A

Exhibit 12(a) |
Entergy Arkansas, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
| Twelve Months Ended |  | Three Months Ended
| December 31, |  | March 31,
| 2013 | 2014 | 2015 | 2016 | 2017 |  | 2018
Fixed charges, as defined: |  |  |  |  |  |  |
Total interest charges |  | $91,318 |  |  | $93,921 |  |  | $105,622 |  |  | $115,311 |  |  | $122,075 |  |  | 29,766 |
Interest applicable to rentals | 5,350 |  | 4,539 |  | 5,109 |  | 3,210 |  | 3,036 |  |  | 772 |
Total fixed charges, as defined | 96,668 |  | 98,460 |  | 110,731 |  | 118,521 |  | 125,111 |  |  | 30,538 |
Preferred dividends, as defined (a) | 11,310 |  | 11,310 |  | 11,310 |  | 8,672 |  | 2,350 |  |  | 483 |
Combined fixed charges and preferred dividends, as defined |  | $107,978 |  |  | $109,770 |  |  | $122,041 |  |  | $127,193 |  |  | $127,461 |  |  |  | $31,021 |
Earnings as defined: |  |  |  |  |  |  |
Net income |  | $161,948 |  |  | $121,392 |  |  | $74,272 |  |  | $167,212 |  |  | $139,844 |  |  | 36,255 |
Add: |  |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |  |
Total | 91,787 |  | 83,629 |  | 40,541 |  | 107,773 |  | 93,804 |  |  | 9,467 |
Fixed charges as above | 96,668 |  | 98,460 |  | 110,731 |  | 118,521 |  | 125,111 |  |  | 30,538 |
Total earnings, as defined |  | $350,403 |  |  | $303,481 |  |  | $225,544 |  |  | $393,506 |  |  | $358,759 |  |  |  | $76,260 |
Ratio of earnings to fixed charges, as defined | 3.62 |  | 3.08 |  | 2.04 |  | 3.32 |  | 2.87 |  |  | 2.50 |
Ratio of earnings to combined fixed charges and preferred dividends, as defined | 3.25 |  | 2.76 |  | 1.85 |  | 3.09 |  | 2.81 |  |  | 2.46 |
_________________ |  |  |  |  |  |  |
(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.