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New words:
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Removed:
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Filing tables
Filing exhibits
- 10-K Annual report
- 10.18 Exhibit 10.18
- 10.19 Exhibit 10.19
- 10.35 Exhibit 10.35
- 10.36 Exhibit 10.36
- 10.37 Exhibit 10.37
- 12.01 Exhibit 12.01
- 21.01 Exhibit 21.01
- 23.01 Exhibit 23.01
- 23.02 Exhibit 23.02
- 24.01 Exhibit 24.01
- 31.01 Exhibit 31.01
- 32.01 Exhibit 32.01
- 99.05 Exhibit 99.05
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Exhibit 12.01
OGE Energy Corp.
Ratio of Earnings to Fixed Charges
Year ended December 31 (In millions) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||
Earnings: | |||||||||||||||
Pre-tax income (A) | $ | 384.5 | $ | 353.2 | $ | 396.0 | $ | 422.2 | $ | 520.1 | |||||
Add: Fixed charges | 152.0 | 156.3 | 153.9 | 157.2 | 174.4 | ||||||||||
Distributions received from equity method investment | 141.2 | 139.3 | 143.7 | 51.7 | — | ||||||||||
Subtotal | 677.7 | 648.8 | 693.6 | 631.1 | 694.5 | ||||||||||
Subtract: | |||||||||||||||
Allowance for borrowed funds used during construction | 7.5 | 4.2 | 2.4 | 3.4 | 3.5 | ||||||||||
Other capitalized interest | — | — | — | 2.0 | 4.5 | ||||||||||
Total earnings | 670.2 | 644.6 | 691.2 | 625.7 | 686.5 | ||||||||||
Fixed Charges: | |||||||||||||||
Interest on long-term debt | 143.2 | 147.8 | 144.6 | 147.6 | 163.4 | ||||||||||
Interest on short-term debt and other interest charges | 6.4 | 5.4 | 6.2 | 5.3 | 8.7 | ||||||||||
Calculated interest on leased property | 2.4 | 3.1 | 3.1 | 4.3 | 2.3 | ||||||||||
Total fixed charges | $ | 152.0 | $ | 156.3 | $ | 153.9 | $ | 157.2 | $ | 174.4 | |||||
Ratio of Earnings to Fixed Charges | 4.41 | 4.12 | 4.49 | 3.98 | 3.94 |
(A)Excludes amounts attributable to income or loss from equity method investment.