Exhibit 12(a)
XCEL ENERGY INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
Year Ended Dec. 31 | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||
Pretax income from continuing operations | $ | 1,545,121 | $ | 1,432,210 | $ | 1,355,402 | $ | 1,309,690 | $ | 1,188,591 | ||||||||||
Add: Fixed charges | 677,390 | 686,258 | 734,564 | 725,375 | 708,529 | |||||||||||||||
Add: Dividends from unconsolidated subsidiaries | 36,707 | 36,416 | 33,470 | 34,034 | 32,538 | |||||||||||||||
Deduct: Equity earnings of unconsolidated subsidiaries | 30,151 | 30,020 | 29,971 | 30,527 | 29,948 | |||||||||||||||
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Total earnings, as defined | $ | 2,229,067 | $ | 2,124,864 | $ | 2,093,465 | $ | 2,038,572 | $ | 1,899,710 | ||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||
Interest charges | $ | 566,608 | $ | 575,199 | $ | 601,582 | $ | 591,098 | $ | 577,291 | ||||||||||
Interest charges on life insurance policy borrowings | 214 | 245 | 310 | 332 | 372 | |||||||||||||||
Interest component of leases | 110,568 | 110,814 | 132,672 | 133,945 | 130,866 | |||||||||||||||
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Total fixed charges, as defined | $ | 677,390 | $ | 686,258 | $ | 734,564 | $ | 725,375 | $ | 708,529 | ||||||||||
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Ratio of earnings to fixed charges | 3.3 | 3.1 | 2.8 | 2.8 | 2.7 | |||||||||||||||
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STATEMENT OF COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(amounts in thousands, except ratio)
Year Ended Dec. 31 | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||
Pretax income from continuing operations | $ | 1,545,121 | $ | 1,432,210 | $ | 1,355,402 | $ | 1,309,690 | $ | 1,188,591 | ||||||||||
Add: Fixed charges | 677,390 | 686,258 | 734,564 | 727,644 | 711,214 | |||||||||||||||
Add: Dividends from unconsolidated subsidiaries | 36,707 | 36,416 | 33,470 | 34,034 | 32,538 | |||||||||||||||
Deduct: Equity earnings of unconsolidated subsidiaries | 30,151 | 30,020 | 29,971 | 30,527 | 29,948 | |||||||||||||||
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Total earnings, as defined | $ | 2,229,067 | $ | 2,124,864 | $ | 2,093,465 | $ | 2,040,841 | $ | 1,902,395 | ||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||
Interest charges | $ | 566,608 | $ | 575,199 | $ | 601,582 | $ | 591,098 | $ | 577,291 | ||||||||||
Interest charges on life insurance policy borrowings | 214 | 245 | 310 | 332 | 372 | |||||||||||||||
Interest component of leases | 110,568 | 110,814 | 132,672 | 133,945 | 130,866 | |||||||||||||||
Dividend requirements on preferred stock(a) | — | — | — | 2,269 | 2,685 | |||||||||||||||
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Total fixed charges, as defined | $ | 677,390 | $ | 686,258 | $ | 734,564 | $ | 727,644 | $ | 711,214 | ||||||||||
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Ratio of earnings to fixed charges | 3.3 | 3.1 | 2.8 | 2.8 | 2.7 | |||||||||||||||
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(a) | No shares of preferred stock were outstanding during the years ended Dec. 31, 2014, 2013 and 2012. |