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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1.1 Certification of Chief Executive Officer
- 31.1.2 Certification of Chief Executive Officer
- 31.1.3 Certification of Chief Executive Officer
- 31.1.4 Certification of Chief Executive Officer
- 31.1.5 Certification of Chief Executive Officer
- 31.1.6 Certification of Chief Executive Officer
- 31.1.7 Certification of Chief Executive Officer
- 31.2.1 Certification of Chief Financial Officer
- 31.2.2 Certification of Chief Financial Officer
- 31.2.3 Certification of Chief Financial Officer
- 31.2.4 Certification of Chief Financial Officer
- 31.2.5 Certification of Chief Financial Officer
- 31.2.6 Certification of Chief Financial Officer
- 31.2.7 Certification of Chief Financial Officer
- 32.1.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.3 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.4 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.5 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.6 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1.7 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.3 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.4 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.5 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.6 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2.7 Certification Pursuant to 18 U.s.c. Section 1350
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EXHIBIT 12
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - DUKE ENERGY CORPORATION
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||||
(in millions) | 2014(a) | 2013 | 2012(b) | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings as defined for fixed charges calculation | ||||||||||||||||||||||||
Add: | ||||||||||||||||||||||||
Pretax income from continuing operations(c) | $ | 532 | $ | 3,787 | $ | 2,291 | $ | 2,297 | $ | 2,097 | $ | 1,770 | ||||||||||||
Fixed charges | 897 | 1,886 | 1,510 | 1,057 | 1,045 | 892 | ||||||||||||||||||
Distributed income of equity investees | 67 | 109 | 151 | 149 | 111 | 82 | ||||||||||||||||||
Deduct: | ||||||||||||||||||||||||
Preferred dividend requirements of subsidiaries | — | — | 3 | — | — | — | ||||||||||||||||||
Interest capitalized | 4 | 8 | 30 | 46 | 54 | 23 | ||||||||||||||||||
Total earnings | $ | 1,492 | $ | 5,774 | $ | 3,919 | $ | 3,457 | $ | 3,199 | $ | 2,721 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on debt, including capitalized portions | $ | 854 | $ | 1,760 | $ | 1,420 | $ | 1,026 | $ | 1,008 | $ | 853 | ||||||||||||
Estimate of interest within rental expense | 43 | 126 | 87 | 31 | 37 | 39 | ||||||||||||||||||
Preferred dividend requirements | — | — | 3 | — | — | — | ||||||||||||||||||
Total fixed charges | $ | 897 | $ | 1,886 | $ | 1,510 | $ | 1,057 | $ | 1,045 | $ | 892 | ||||||||||||
Ratio of earnings to fixed charges | 1.7 | (d) | 3.1 | 2.6 | 3.3 | 3.1 | 3.1 | |||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends combined(d) | 1.7 | (d) | 3.1 | 2.6 | 3.3 | 3.1 | 3.1 |
(a) | The earnings to fixed charges ratio was negatively impacted by a pre-tax impairment charge of $1,388 million related to the plan to dispose of the Midwest Generation business. |
(b) Includes the results of Progress Energy, Inc. beginning on July 2, 2012.
(c) Excludes amounts attributable to noncontrolling interests and income or loss from equity investees.
(d) For all periods presented, Duke Energy Corporation had no preferred stock outstanding.