Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
New words:
acknowledged, acquiree, administered, AOCI, APR, bear, Center, charitable, disbursed, Elizabeth, employed, fostered, goodwill, high, intangible, intermediary, LED, Mary, McNary, meaningful, mortality, newly, owner, percentage, postretirement, predecessor, premise, prepayment, production, pushdown, quantify, reinsurance, repay, residual, rider, royalty, segregated, Southwest, spared, SQP, statistically, successor, tenure, Terrebonne, territory, Town, undercollected, undercollection, Village, writ
Filing tables
Filing exhibits
Cleco Power similar filings
Filing view
External links
| CLECO POWER | EXHIBIT 12(b) |
| Computation of Ratios of Earnings to Fixed Charges (Unaudited) | ||||||||||||||||||||
| (THOUSANDS, EXCEPT RATIOS) | FOR THE SIX MONTHS ENDED JUNE 30, 2016 | FOR THE TWELVE MONTHS ENDED DEC. 31, 2015 | FOR THE TWELVE MONTHS ENDED DEC. 31, 2014 | FOR THE TWELVE MONTHS ENDED DEC. 31, 2013 | FOR THE TWELVE MONTHS ENDED DEC. 31, 2012 | |||||||||||||||
| Net (loss) income | $ | (40,350 | ) | $ | 141,350 | $ | 154,316 | $ | 150,410 | $ | 146,848 | |||||||||
| Income tax (benefit) expense | (26,463 | ) | 79,294 | 76,974 | 79,381 | 68,133 | ||||||||||||||
| Total fixed charges (from below) | 39,403 | 78,364 | 77,230 | 85,103 | 84,901 | |||||||||||||||
| Total (losses) earnings | $ | (27,410 | ) | $ | 299,008 | $ | 308,520 | $ | 314,894 | $ | 299,882 | |||||||||
| Fixed charges | ||||||||||||||||||||
| Interest | $ | 37,475 | $ | 74,394 | $ | 73,140 | $ | 80,905 | $ | 79,975 | ||||||||||
| Amortization of debt expense, premium, net | 1,559 | 3,052 | 3,113 | 3,088 | 2,819 | |||||||||||||||
Portion of rentals representative of an interest factor** | 252 | 572 | 489 | 488 | 489 | |||||||||||||||
| Interest of capitalized lease | 117 | 346 | 488 | 622 | 1,618 | |||||||||||||||
| Total fixed charges | $ | 39,403 | $ | 78,364 | $ | 77,230 | $ | 85,103 | $ | 84,901 | ||||||||||
| Ratio of earnings to fixed charges | * | 3.82 | x | 3.99 | x | 3.70 | x | 3.53 | x | |||||||||||
*Earnings for the six months ended June 30, 2016, were inadequate to cover fixed charges. | ||||||||||||||||||||
**Interest portion of rental expense is estimated to equal 11% of such expense, which is considered a reasonable approximation of the interest factor. | ||||||||||||||||||||