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Content analysis
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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Exhibit 12(a) |
FPL GROUP, INC. AND SUBSIDIARIES |
Nine Months Ended | ||||
(millions) | ||||
Earnings, as defined: | ||||
Income before cumulative effect of a change in accounting principle | $ | 566 | ||
Income taxes | 199 | |||
Fixed charges, included in the determination of net income, as below | 244 | |||
Amortization of capitalized interest | 1 | |||
Distributed income of independent power investments | 55 | |||
Less: Equity in earnings of equity method investees | 51 | |||
Total earnings, as defined | $ | 1,014 | ||
Fixed charges, as defined: | ||||
Interest charges | $ | 234 | ||
Rental interest factor | 8 | |||
Fixed charges included in nuclear fuel cost | 2 | |||
Fixed charges, included in the determination of net income | 244 | |||
Capitalized interest | 65 | |||
Total fixed charges, as defined | $ | 309 | ||
Ratio of earnings to fixed charges | 3.28 | |||