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CLECO CORPORATION | EXHIBIT 12(a) |
Computation of Ratios of Earnings to Fixed Charges | ||||||||
(THOUSANDS, EXCEPT RATIOS) | FOR THE SIX MONTHS ENDED JUNE 30, 2015 | FOR THE TWELVE MONTHS ENDED DEC. 31, 2014 | ||||||
Earnings from continuing operations | $ | 57,156 | $ | 154,739 | ||||
Income taxes | 37,687 | 67,116 | ||||||
Total earnings from continuing operations before income taxes | $ | 94,843 | $ | 221,855 | ||||
Fixed charges: | ||||||||
Interest | $ | 38,915 | $ | 71,959 | ||||
Amortization of debt expense, premium, net | 1,568 | 3,227 | ||||||
Portion of rentals representative of an interest factor | 247 | 489 | ||||||
Interest of capitalized lease | 191 | 488 | ||||||
Total fixed charges | $ | 40,921 | $ | 76,163 | ||||
Total earnings from continuing operations before income taxes and fixed charges | $ | 135,764 | $ | 298,018 | * | |||
Ratio of earnings to fixed charges | 3.32 | X | 3.91 | X | ||||
* The amortization of capitalized interest of $511 thousand was removed. |