CENTERPOINT ENERGY INC - FORM 10-K - EX-12 - EXHIBIT 12 - February 26, 2016

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EX-10.LL7 - EXHIBIT 10.LL7 - CENTERPOINT ENERGY INCcnp_exhibit10ll7x12312015.htm
EX-3.B - EXHIBIT 3.B - CENTERPOINT ENERGY INCcnp_exhibit3bx12312015.htm
EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY INCcnp_exhibit231x12312015.htm
EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY INCcnp_exhibit232x12312015.htm
EX-10.MM - EXHIBIT 10.MM - CENTERPOINT ENERGY INCcnp_exhibit10mmx12312015.htm
EX-10.NN - EXHIBIT 10.NN - CENTERPOINT ENERGY INCcnp_exhibit10nnx12312015.htm
EX-10.LL3 - EXHIBIT 10.LL3 - CENTERPOINT ENERGY INCcnp_exhibit10ll3x12312015.htm
EX-10.LL5 - EXHIBIT 10.LL5 - CENTERPOINT ENERGY INCcnp_exhibit10ll5x12312015.htm
EX-10.LL2 - EXHIBIT 10.LL2 - CENTERPOINT ENERGY INCcnp_exhibit10ll2x12312015.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY INCcnp_exhibit312x12312015.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY INCcnp_exhibit311x12312015.htm
10-K - 10-K - CENTERPOINT ENERGY INCcnp_10kx12312015.htm
EX-21 - EXHIBIT 21 - CENTERPOINT ENERGY INCcnp_exhibit21x12312015.htm
EX-10.S - EXHIBIT 10.S - CENTERPOINT ENERGY INCcnp_exhibit10sx12312015.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY INCcnp_exhibit321x12312015.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY INCcnp_exhibit322x12312015.htm


Exhibit 12

 
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
     2015 (1)
 
      2014 (1)
 
     2013 (1)
 
     2012 (1)
 
     2011 (1)
 
(In millions)
Income (loss) before extraordinary item
$
(692
)
 
$
611

 
$
311

 
$
417

 
$
770

Equity in (earnings) losses of unconsolidated affiliates, net of distributions
1,927

 
(2
)
 
(58
)
 
8

 
8

Income tax expense (benefit)
(438
)
 
274

 
470

 
341

 
404

Capitalized interest
(10
)
 
(11
)
 
(11
)
 
(9
)
 
(4
)
 
787

 
872

 
712

 
757

 
1,178

 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest
457

 
471

 
484

 
569

 
583

Capitalized interest
10

 
11

 
11

 
9

 
4

Interest component of rentals charged to operating expense
3

 
4

 
7

 
9

 
14

Total fixed charges
470

 
486

 
502

 
587

 
601

 
 
 
 
 
 
 
 
 
 
Earnings, as defined
$
1,257

 
$
1,358

 
$
1,214

 
$
1,344

 
$
1,779

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.67

 
2.79

 
2.42

 
2.29

 
2.96


(1)
Excluded from the computation of fixed charges for the years ended December 31, 2015, 2014, 2013, 2012, and 2011 is interest expense of $-0-, interest expense of $3 million, interest income of $6 million, interest income of $11 million and interest income of $12 million respectively, which is included in income tax expense.


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