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Content analysis
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6th grade Good
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EXHIBIT 12(a) |
FPL GROUP, INC. AND SUBSIDIARIES |
Years Ended December 31, | |||||||||||||||
2001 | 2000 | 1999 | 1998 | 1997 | |||||||||||
(millions of dollars) | |||||||||||||||
Earnings, as defined: | |||||||||||||||
Net income | $ | 781 | $ | 704 | $ | 697 | $ | 664 | $ | 618 | |||||
Income taxes | 379 | 336 | 323 | 279 | 304 | ||||||||||
Fixed charges, included in the determination of |
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Amortization of capitalized interest | 1 | - | - | - | - | ||||||||||
Distributed income of independent power investments | 62 | 80 | 75 | 68 | 47 | ||||||||||
Less: Equity in earnings of independent power |
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Total earnings, as defined | $ | 1,479 | $ | 1,371 | $ | 1,279 | $ | 1,307 | $ | 1,259 | |||||
Fixed charges, as defined: | |||||||||||||||
Interest charges | $ | 324 | $ | 278 | $ | 222 | $ | 322 | $ | 291 | |||||
Rental interest factor | 8 | 9 | 4 | 4 | 4 | ||||||||||
Fixed charges included in nuclear fuel cost | 5 | 9 | 8 | 9 | 9 | ||||||||||
Fixed charges included in the determination of net |
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Capitalized interest | 55 | 23 | 9 | 2 | 4 | ||||||||||
Total fixed charges, as defined | $ | 392 | $ | 319 | $ | 243 | $ | 337 | $ | 308 | |||||
Ratio of earnings to fixed charges | 3.77 | 4.30 | 5.26 | 3.88 | 4.09 | ||||||||||