EX-12.C 6 exhibit12cq118.htm EXHIBIT 12.C

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 |  | Three Months Ended
| December 31, |  | March 31,
| 2013 | 2014 | 2015 | 2016 | 2017 |  | 2018
Fixed charges, as defined: |  |  |  |  |  |  |
Total interest |  | $59,031 |  |  | $57,002 |  |  | $57,842 |  |  | $57,114 |  |  | $51,260 |  |  |  | $13,905 |
Interest applicable to rentals | 1,148 |  | 1,498 |  | 1,765 |  | 1,269 |  | 1,440 |  |  | 436 |
Total fixed charges, as defined | 60,179 |  | 58,500 |  | 59,607 |  | 58,383 |  | 52,700 |  |  | 14,341 |
Preferred dividends, as defined (a) | 4,580 |  | 4,580 |  | 4,580 |  | 3,956 |  | 1,543 |  |  | 317 |
Combined fixed charges and preferred dividends, as defined |  | $64,759 |  |  | $63,080 |  |  | $64,187 |  |  | $62,339 |  |  | $54,243 |  |  |  | $14,658 |
Earnings as defined: |  |  |  |  |  |  |
Net income |  | $82,159 |  |  | $74,821 |  |  | $92,708 |  |  | $109,184 |  |  | $110,032 |  |  |  | $22,843 |
Add: |  |  |  |  |  |  |
Provision for income taxes |  |  |  |  |  |  |
Total income taxes | 49,757 |  | 55,710 |  | 61,872 |  | 63,854 |  | 73,919 |  |  | 6,944 |
Fixed charges as above | 60,179 |  | 58,500 |  | 59,607 |  | 58,383 |  | 52,700 |  |  | 14,341 |
Total earnings, as defined |  | $192,095 |  |  | $189,031 |  |  | $214,187 |  |  | $231,421 |  |  | $236,651 |  |  |  | $44,128 |
Ratio of earnings to fixed charges, as defined | 3.19 |  | 3.23 |  | 3.59 |  | 3.96 |  | 4.49 |  |  | 3.08 |
Ratio of earnings to combined fixed charges and preferred dividends, as defined | 2.97 |  | 3.00 |  | 3.34 |  | 3.71 |  | 4.36 |  |  | 3.01 |
_______________ |  |  |  |  |  |  |
(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.