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?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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- 10-Q Quarterly report
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.1 Certification of the Chief Executive Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 31.2 Certification of the Chief Financial Officer
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.1 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
- 32.2 Certification Pursuant to 18 U.s.c. Section 1350
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EXHIBIT 12 | |||||||||||||||||||
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES – DUKE ENERGY CORPORATION | |||||||||||||||||||
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The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines. | |||||||||||||||||||
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| Three Months |
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| Ended March 31, |
| Years Ended December 31, | ||||||||||||||
(in millions) | 2014 |
| 2013 |
| 2012 (a) |
| 2011 |
| 2010 |
| 2009 | ||||||||
Earnings as defined for fixed charges calculation |
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Add: |
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| Pretax income from continuing operations(b) | $ | (257) |
| $ | 3,787 |
| $ | 2,291 |
| $ | 2,297 |
| $ | 2,097 |
| $ | 1,770 | |
| Fixed charges |
| 460 |
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| 1,886 |
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| 1,510 |
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| 1,057 |
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| 1,045 |
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| 892 | |
| Distributed income of equity investees |
| 34 |
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| 109 |
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| 151 |
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| 149 |
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| 111 |
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| 82 | |
Deduct: |
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| Preferred dividend requirements of subsidiaries |
| ― |
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| ― |
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| 3 |
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| ― |
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| ― |
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| ― | |
| Interest capitalized |
| 21 |
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| 214 |
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| 177 |
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| 166 |
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| 168 |
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| 102 | |
Total earnings | $ | 216 |
| $ | 5,568 |
| $ | 3,772 |
| $ | 3,337 |
| $ | 3,085 |
| $ | 2,642 | ||
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Fixed charges: |
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| Interest on debt, including capitalized portions | $ | 427 |
| $ | 1,760 |
| $ | 1,420 |
| $ | 1,026 |
| $ | 1,008 |
| $ | 853 | |
| Estimate of interest within rental expense |
| 33 |
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| 126 |
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| 87 |
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| 31 |
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| 37 |
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| 39 | |
| Preferred dividend requirements |
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| ― |
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| 3 |
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| ― |
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Total fixed charges | $ | 460 |
| $ | 1,886 |
| $ | 1,510 |
| $ | 1,057 |
| $ | 1,045 |
| $ | 892 | ||
Ratio of earnings to fixed charges |
| 0.5(d) |
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| 3.0 |
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| 2.5 |
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| 3.2 |
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| 3.0 |
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| 3.0 | ||
Ratio of earnings to fixed charges and preferred dividends combined(c) |
| 0.5(d) |
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| 3.0 |
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| 2.5 |
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| 3.2 |
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| 3.0 |
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| 3.0 | ||
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(a) | Includes the results of Progress Energy, Inc. beginning on July 2, 2012 | ||||||||||||||||||
(b) | Excludes amounts attributable to noncontrolling interests and income or loss from equity investees. | ||||||||||||||||||
(c) | For all periods presented, Duke Energy Corporation had no preferred stock outstanding | ||||||||||||||||||
(d) | The earnings to fixed charges ratio was negatively impacted by a pre-tax impairment charge of $1,382 million related to the plan to dispose of the Midwest Generation business. |