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Content analysis
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6th grade Good
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EXHIBIT 12(b) |
FLORIDA POWER & LIGHT COMPANY |
Years Ended December 31, | |||||||||||||||
2001 | 2000 | 1999 | 1998 | 1997 | |||||||||||
(millions of dollars) | |||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||
Earnings, as defined: | |||||||||||||||
Net income | $ | 694 | $ | 622 | $ | 591 | $ | 631 | $ | 627 | |||||
Income taxes | 383 | 341 | 324 | 349 | 321 | ||||||||||
Fixed charges, as below | 198 | 192 | 174 | 209 | 240 | ||||||||||
Total earnings, as defined | $ | 1,275 | $ | 1,155 | $ | 1,089 | $ | 1,189 | $ | 1,188 | |||||
Fixed charged, as defined: | |||||||||||||||
Interest charges | $ | 187 | $ | 176 | $ | 163 | $ | 196 | $ | 227 | |||||
Rental interest factor | 6 | 7 | 3 | 4 | 4 | ||||||||||
Fixed charges included in nuclear fuel cost | 5 | 9 | 8 | 9 | 9 | ||||||||||
Total fixed charges, as defined | $ | 198 | $ | 192 | $ | 174 | $ | 209 | $ | 240 | |||||
Ratio of earnings to fixed charges | 6.44 | 6.02 | 6.26 | 5.69 | 4.95 | ||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | |||||||||||||||
Earnings, as defined: | |||||||||||||||
Net income | $ | 694 | $ | 622 | $ | 591 | $ | 631 | $ | 627 | |||||
Income taxes | 383 | 341 | 324 | 349 | 321 | ||||||||||
Fixed charges, as below | 198 | 192 | 174 | 209 | 240 | ||||||||||
Total earnings, as defined | $ | 1,275 | $ | 1,155 | $ | 1,089 | $ | 1,189 | $ | 1,188 | |||||
Fixed charged, as defined: | |||||||||||||||
Interest charges | $ | 187 | $ | 176 | $ | 163 | $ | 196 | $ | 227 | |||||
Rental interest factor | 6 | 7 | 3 | 4 | 4 | ||||||||||
Fixed charges included in nuclear fuel cost | 5 | 9 | 8 | 9 | 9 | ||||||||||
Total fixed charges, as defined | 198 | 192 | 174 | 209 | 240 | ||||||||||
Non-tax deductible preferred stock dividends | 15 | 15 | 15 | 15 | 19 | ||||||||||
Ratio of income before income taxes to net income | 1.55 | 1.55 | 1.55 | 1.55 | 1.51 | ||||||||||
Preferred stock dividends before income taxes | 23 | 23 | 23 | 23 | 29 | ||||||||||
Combined fixed charges and preferred stock dividends | $ | 221 | $ | 215 | $ | 197 | $ | 232 | $ | 269 | |||||
Ratio of earnings to combined fixed charges |
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