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Filing tables
Filing exhibits
- 10-K Annual report
- 10 Exhibit 10(F)
- 10 Exhibit 10(G)
- 10 Exhibit 10(SS)
- 10 Exhibit 10(WW)
- 10 Exhibit 10(CCC)
- 10 Exhibit 10(DDD)
- 10 Exhibit 10(EEE)
- 12 Exhibit 12(A)
- 12 Exhibit 12(B)
- 21 Exhibit 21
- 23 Exhibit 23
- 31 Exhibit 31(A)
- 31 Exhibit 31(B)
- 31 Exhibit 31(C)
- 31 Exhibit 31(D)
- 32 Exhibit 32(A)
- 32 Exhibit 32(B)
Related press release
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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, | ||||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||
(millions of dollars) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Net income | $ | 1,240 | $ | 1,068 | $ | 945 | $ | 831 | $ | 789 | ||||||||||||||
Income taxes | 752 | 654 | 580 | 473 | 443 | |||||||||||||||||||
Fixed charges included in the determination of net income, as below | 450 | 411 | 382 | 347 | 359 | |||||||||||||||||||
Total earnings, as defined | $ | 2,442 | $ | 2,133 | $ | 1,907 | $ | 1,651 | $ | 1,591 | ||||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest expense | $ | 417 | $ | 387 | $ | 361 | $ | 318 | $ | 334 | ||||||||||||||
Rental interest factor | 11 | 8 | 8 | 7 | 7 | |||||||||||||||||||
Allowance for borrowed funds used during construction | 22 | 16 | 13 | 22 | 18 | |||||||||||||||||||
Fixed charges included in the determination of net income | 450 | 411 | 382 | 347 | 359 | |||||||||||||||||||
Capitalized interest | — | 1 | 3 | 2 | — | |||||||||||||||||||
Total fixed charges, as defined | $ | 450 | $ | 412 | $ | 385 | $ | 349 | $ | 359 | ||||||||||||||
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends(a) | 5.43 | 5.18 | 4.95 | 4.73 | 4.43 |
__________________
(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. |