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Content analysis
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Exhibit 12(a) |
FPL GROUP, INC. AND SUBSIDIARIES |
Three Months Ended | ||||
(millions of dollars) | ||||
Earnings, as defined: | ||||
Net income | $ | 175 | ||
Income taxes | 78 | |||
Fixed charges, included in the determination of net income, as below | 83 | |||
Amortization of capitalized interest | 1 | |||
Distributed income of independent power investments | 8 | |||
Less: Equity in earnings of equity method investees | 34 | |||
Total earnings, as defined | $ | 379 | ||
Fixed charges, as defined: | ||||
Interest charges | $ | 77 | ||
Rental interest factor | 5 | |||
Fixed charges included in nuclear fuel cost | 1 | |||
Fixed charges, included in the determination of net income | 83 | |||
Capitalized interest | 25 | |||
Total fixed charges, as defined | $ | 108 | ||
Ratio of earnings to fixed charges | 3.51 | |||