CenterPoint Energy 2014 Annual Report Download - page 190
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Exhibit 12
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
________
2014 (1)
2013 (1)
2012 (1)
2011 (1)
2010 (1)
Income before extraordinary item
$
611
$
311
$
417
$
770
$
442
Equity in earnings of unconsolidated affiliates, net of
distributions
(2
)
(58
)
8
8
13
Income taxes
274
470
341
404
263
Capitalized interest
(11
)
(11
)
(9
)
(4
)
(9
)
872
712
757
1,178
709
Fixed charges, as defined:
Interest
471
484
569
583
621
Capitalized interest
11
11
9
4
9
Interest component of rentals charged to operating
expense
4
7
9
14
26
Total fixed charges
486
502
587
601
656
Earnings, as defined
$
1,358
$
1,214
$
1,344
$
1,779
$
1,365
Ratio of earnings to fixed charges
2.79
2.42
2.29
2.96
2.08
(1) Excluded from the computation of fixed charges for the years ended December 31, 2014, 2013, 2012, 2011, and 2010 is interest
expense of $3 million, interest income of $6 million, interest income of $11 million, interest income of $12 million and interest expense
of $9 million respectively, which is included in income tax expense.