CLECO POWER LLC - FORM 10-Q - EX-12.A - EXHIBIT 12.A - August 11, 2016

Attached files

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EX-31.3 - EXHIBIT 31.3 - CLECO POWER LLCcnl-63016xq2ex313.htm
10-Q - 10-Q - CLECO POWER LLCcnl-6302016xq2.htm
EX-95 - EXHIBIT 95 - CLECO POWER LLCcnl-63016xq2ex95.htm
EX-32.4 - EXHIBIT 32.4 - CLECO POWER LLCcnl-63016xq2ex324.htm
EX-32.3 - EXHIBIT 32.3 - CLECO POWER LLCcnl-63016xq2ex323.htm
EX-32.2 - EXHIBIT 32.2 - CLECO POWER LLCcnl-63016xq2ex322.htm
EX-32.1 - EXHIBIT 32.1 - CLECO POWER LLCcnl-63016xq2ex321.htm
EX-31.4 - EXHIBIT 31.4 - CLECO POWER LLCcnl-63016xq2ex314.htm
EX-31.2 - EXHIBIT 31.2 - CLECO POWER LLCcnl-63016xq2ex312.htm
EX-31.1 - EXHIBIT 31.1 - CLECO POWER LLCcnl-63016xq2ex311.htm
EX-12.B - EXHIBIT 12.B - CLECO POWER LLCcnl-63016xq2ex12b.htm
EX-10.2 - EXHIBIT 10.2 - CLECO POWER LLCcnl-63016xq2ex102.htm


CLECO HOLDINGS
EXHIBIT 12(a)
 
 
Computation of Ratios of Earnings to Fixed Charges (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
SUCCESSOR
 
PREDECESSOR
(THOUSANDS, EXCEPT RATIOS)
APR. 13, 2016 -
JUNE 30, 2016

 
JAN. 1, 2016 -
APR. 12, 2016

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2015

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2014

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2013

 
FOR THE TWELVE MONTHS ENDED DEC. 31, 2012

 
Net (loss) income
$
(81,914
)
 
$
(3,960
)
 
$
133,669

 
$
154,739

 
$
160,685

 
$
163,648

 
Income tax (benefit) expense
(52,202
)
 
3,468

 
77,704

 
67,116

 
79,575

 
65,327

 
Undistributed equity loss from investees
—

 
—

 
7

 
—

 
—

 
—

 
Amortization of capitalized interest
—

 
—

 
—

 
77

 
308

 
308

 
Total fixed charges (from below)
26,845

 
22,547

 
79,795

 
76,163

 
86,680

 
88,556

 
Total (losses) earnings
$
(107,271
)
 
$
22,055

 
$
291,175

 
$
298,095

 
$
327,248

 
$
317,839

 
Fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest
$
25,493

 
$
21,491

 
$
75,535

 
$
71,959

 
$
81,173

 
$
83,293

 
Amortization of debt expense, premium, net
1,200

 
839

 
3,342

 
3,227

 
4,397

 
3,156

 
Portion of rentals representative of an interest factor**
106

 
146

 
572

 
489

 
488

 
489

 
Interest of capitalized lease
46

 
71

 
346

 
488

 
622

 
1,618

 
Total fixed charges
$
26,845

 
$
22,547

 
$
79,795

 
$
76,163

 
$
86,680

 
$
88,556

 
Ratio of earnings to fixed charges
*

 
*

 
3.65

x
3.91

x
3.78

x
3.59

x
*Earnings for the periods April 13, 2016 - June 30, 2016 and January 1, 2016 - April 12, 2016, were inadequate to cover fixed charges.
**Interest portion of rental expense is estimated to equal 11% of such expense, which is considered a reasonable approximation of the interest factor.