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- S-4 Registration of securities issued in business combination transactions
- 3.03 EX-3.03
- 3.04 EX-3.04
- 3.05 EX-3.05
- 3.06 EX-3.06
- 3.39 EX-3.39
- 3.40 EX-3.40
- 3.47 EX-3.47
- 3.48 EX-3.48
- 3.55 EX-3.55
- 3.56 EX-3.56
- 3.61 EX-3.61
- 3.62 EX-3.62
- 3.63 EX-3.63
- 3.64 EX-3.64
- 3.81 EX-3.81
- 3.82 EX-3.82
- 3.125 EX-3.125
- 3.126 EX-3.126
- 3.139 EX-3.139
- 3.140 EX-3.140
- 3.141 EX-3.141
- 3.142 EX-3.142
- 3.143 EX-3.143
- 3.144 EX-3.144
- 3.145 EX-3.145
- 3.146 EX-3.146
- 3.149 EX-3.149
- 3.150 EX-3.150
- 3.185 EX-3.185
- 3.186 EX-3.186
- 3.187 EX-3.187
- 3.188 EX-3.188
- 3.195 EX-3.195
- 3.196 EX-3.196
- 3.217 EX-3.217
- 3.218 EX-3.218
- 3.219 EX-3.219
- 3.220 EX-3.220
- 3.261 EX-3.261
- 3.262 EX-3.262
- 5.01 EX-5.01
- 5.02 EX-5.02
- 5.03 EX-5.03
- 5.04 EX-5.04
- 5.05 EX-5.05
- 12.01 EX-12.01
- 21.01 EX-21.01
- 23.06 EX-23.06
- 25.01 EX-25.01
- 99.01 EX-99.01
- 99.02 EX-99.02
- 99.03 EX-99.03
- 99.04 EX-99.04
- 11 Dec 14 Registration of securities issued in business combination transactions
- 10 Sep 14 Registration of securities issued in business combination transactions
- 8 May 13 Registration of securities issued in business combination transactions (amended)
- 22 Mar 13 Registration of securities issued in business combination transactions
- 13 Jan 12 Registration of securities issued in business combination transactions (amended)
- 29 Dec 11 Registration of securities issued in business combination transactions (amended)
- 16 Nov 11 Registration of securities issued in business combination transactions
Exhibit 12.01
NRG ENERGY, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| For the Year Ended December 31, |
| |||||||||||||
|
| 2012 |
| 2011(a) |
| 2010 |
| 2009 |
| 2008 |
| |||||
|
| (in millions except ratio) |
| |||||||||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Income/(loss) from continuing operations before income tax |
| $ | 252 |
| $ | (646 | ) | $ | 753 |
| $ | 1,669 |
| $ | 1,766 |
|
Net income/(loss) attributable to noncontrolling interest |
| 20 |
| — |
| (1 | ) | (1 | ) | — |
| |||||
Less: |
|
|
|
|
|
|
|
|
|
|
| |||||
Distributions and equity in earnings of unconsolidated affiliates |
| 2 |
| 9 |
| (19 | ) | (41 | ) | (44 | ) | |||||
Impairment charge on equity method investment |
| 2 |
| 495 |
| — |
| — |
| — |
| |||||
Capitalized interest |
| (140 | ) | (80 | ) | (36 | ) | (37 | ) | (45 | ) | |||||
Add: |
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
| 864 |
| 931 |
| 678 |
| 703 |
| 634 |
| |||||
Amortization of capitalized interest |
| 11 |
| 7 |
| 4 |
| 3 |
| 1 |
| |||||
Total Earnings: |
| $ | 1,011 |
| $ | 716 |
| $ | 1,379 |
| $ | 2,296 |
| $ | 2,312 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| $ | 671 |
| $ | 808 |
| $ | 600 |
| $ | 610 |
| $ | 546 |
|
Interest capitalized |
| 140 |
| 80 |
| 36 |
| 37 |
| 45 |
| |||||
Amortization of debt issuance costs |
| 32 |
| 26 |
| 25 |
| 31 |
| 22 |
| |||||
Amortization of debt discount |
| 9 |
| 6 |
| 7 |
| 13 |
| 15 |
| |||||
Approximation of interest in rental expense |
| 12 |
| 11 |
| 10 |
| 12 |
| 6 |
| |||||
Total Fixed Charges: |
| $ | 864 |
| $ | 931 |
| $ | 678 |
| $ | 703 |
| $ | 634 |
|
Ratio of Earnings to Combined Fixed Charges |
| 1.17 |
| 0.77 |
| 2.03 |
| 3.27 |
| 3.65 |
|
(a) The ratio coverage for the year ended December 31, 2011 was less than 1:1. NRG would have needed to generate additional earnings of $215 million to achieve a ratio coverage of 1:1.