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. sophomore Avg
|
|
New words:
ahead, Arechabala, breakage, Caplan, chart, claimed, comment, commonly, conclusion, concurrently, Congressional, curve, Deborah, decile, disconnection, draft, EFOR, fed, flat, floor, forgiven, fourteen, grew, hardening, hear, inside, irrevocably, judicial, Midcontinent, mild, misconduct, motor, Nevada, Northwestern, OPC, opposed, opposite, permissibly, predetermined, Presidential, reactivated, Sabal, Senate, smarter, Southeast, southwestern, sublimit, Trail, trailing, tropical, undertaken, unsupportable, upheld, vegetation, verification
Removed:
adding, age, APS, Brevard, bulk, casualty, classification, consultation, controller, debated, deductibility, DeSoto, disallowance, disallowed, discontinue, drilling, GE, goal, Hay, litigated, manager, mining, mitigated, Mojave, NYISO, PAETEC, panhandle, picture, precondition, preliminary, prescription, railroad, ratably, reacquisition, repower, Shaun, terminate, unemployment, Worth
Filing tables
Filing exhibits
Related press release
Florida Power & Light similar filings
Filing view
External links
Exhibit 12(b)
FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(a)
| Years Ended December 31, | ||||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| (millions of dollars) | ||||||||||||||||||||||||
| Earnings, as defined: | ||||||||||||||||||||||||
| Net income | $ | 1,349 | $ | 1,240 | $ | 1,068 | $ | 945 | $ | 831 | ||||||||||||||
| Income taxes | 835 | 752 | 654 | 580 | 473 | |||||||||||||||||||
| Fixed charges included in the determination of net income, as below | 451 | 450 | 411 | 382 | 347 | |||||||||||||||||||
| Total earnings, as defined | $ | 2,635 | $ | 2,442 | $ | 2,133 | $ | 1,907 | $ | 1,651 | ||||||||||||||
| Fixed charges, as defined: | ||||||||||||||||||||||||
| Interest expense | $ | 415 | $ | 417 | $ | 387 | $ | 361 | $ | 318 | ||||||||||||||
| Rental interest factor | 10 | 11 | 8 | 8 | 7 | |||||||||||||||||||
| Allowance for borrowed funds used during construction | 26 | 22 | 16 | 13 | 22 | |||||||||||||||||||
| Fixed charges included in the determination of net income | 451 | 450 | 411 | 382 | 347 | |||||||||||||||||||
| Capitalized interest | — | — | 1 | 3 | 2 | |||||||||||||||||||
| Total fixed charges, as defined | $ | 451 | $ | 450 | $ | 412 | $ | 385 | $ | 349 | ||||||||||||||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 5.84 | 5.43 | 5.18 | 4.95 | 4.73 | |||||||||||||||||||
__________________
| (a) | Florida Power & Light Company has no preference equity securities outstanding; therefore, the ratio of earnings to fixed charges is the same as the ratio of earnings to combined fixed charges and preferred stock dividends. |