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Exhibit 12.01
 
 
 
 
 
 
 
 
 
 
Entergy Corporation
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Six Months Ended
 
December 31,
 
June 30,
 
2011
2012
2013
2014
2015
 
2015
2016
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
  Interest on long-term debt
$
520,257

$
550,425

$
579,176

$
620,472

$
627,897

 
$
313,721

$
325,565

  Other interest
31,264

56,171

50,360

40,607

42,199

 
18,476

25,878

  Capitalized interest
14,528

17,417

13,702

10,498

13,620

 
7,001

3,758

  Total interest charges
566,049

624,013

643,238

671,577

683,716

 
339,198

355,201

  Interest applicable to rentals
26,684

24,014

21,592

19,617

21,091

 
10,528

7,418

  Dividends on preferred stock of
 
 
 
 
 
 
 
 
  consolidated subsidiaries
34,148

30,166

30,469

30,150

32,353

 
15,924

17,215

 
 
 
 
 
 
 
 
 
Total fixed charges, as defined
$
626,881

$
678,193

$
695,299

$
721,344

$
737,160

 
$
365,650

$
379,834

 
 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
  Income (loss) from continuing operations
$
1,346,439

$
846,673

$
711,902

$
940,721

$
(176,562
)
 
$
446,892

$
797,280

  Add:
 
 
 
 
 
 
 
 
    Provision for income taxes (benefit)
286,263

30,855

225,981

589,597

(642,927
)
 
250,252

(109,027
)
    Fixed charges as above, less dividends
 
 
 
 
 
 
 
 
    on preferred stock of consolidated





 
 
 
    subsidiaries and capitalized interest
578,205

630,610

651,128

680,696

691,187

 
342,725

358,861

 
 
 
 
 
 
 
 
 
Total earnings (loss), as defined
$
2,210,907

$
1,508,138

$
1,589,011

$
2,211,014

$
(128,302
)
 
$
1,039,869

$
1,047,114

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.53

2.22

2.29

3.07

—

(a)
2.84

2.76

 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
 
 
(a) Earnings, as defined, for the twelve months ended December 31, 2015 were $865.5 million less than fixed charges, as defined.