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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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8th grade Avg
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EXHIBIT 12(a) |
FPL GROUP, INC. AND SUBSIDIARIES |
Three Months Ended | ||||
(millions) | ||||
Earnings, as defined: | ||||
Income before cumulative effect of a change in accounting principle | $ | 166 | ||
Income taxes | 19 | |||
Fixed charges, included in the determination of net income, as below | 83 | |||
Distributed income of independent power investments | 12 | |||
Less: Equity in earnings of independent power investments | 9 | |||
Total earnings, as defined | $ | 271 | ||
Fixed charges, as defined: | ||||
Interest charges | $ | 80 | ||
Rental interest factor | 2 | |||
Fixed charges included in nuclear fuel cost | 1 | |||
Fixed charges, included in the determination of net income | 83 | |||
Capitalized interest | 18 | |||
Total fixed charges, as defined | $ | 101 | ||
Ratio of earnings to fixed charges | 2.68 | |||