Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - FIRSTENERGY CORP | fe-03312017xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - FIRSTENERGY CORP | fe-03312017xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - FIRSTENERGY CORP | fe-03312017xex311.htm |
| EX-10.1 - EXHIBIT 10.1 - FIRSTENERGY CORP | exhibit101-fes2017ltip0324.htm |
| 10-Q - 10-Q - FIRSTENERGY CORP | fe-03312017x10q.htm |
EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
For the Three Months Ended March 31 | For the Year Ended December 31 | |||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
(In millions) | ||||||||||||||||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||||||||||||||||
Income (Loss) | $ | 205 | $ | (6,177 | ) | $ | 578 | $ | 213 | $ | 375 | $ | 755 | |||||||||||
Interest and other charges, before reduction for amounts capitalized and deferred | 287 | 1,157 | 1,132 | 1,073 | 1,016 | 1,001 | ||||||||||||||||||
Capitalized interest | (12 | ) | (66 | ) | (68 | ) | (69 | ) | (75 | ) | (72 | ) | ||||||||||||
Provision for income taxes (benefits) | 126 | (3,055 | ) | 315 | (42 | ) | 195 | 545 | ||||||||||||||||
Interest element of rentals charged to income(1) | 20 | 89 | 78 | 83 | 96 | 136 | ||||||||||||||||||
Earnings as defined | $ | 626 | $ | (8,052 | ) | $ | 2,035 | $ | 1,258 | $ | 1,607 | $ | 2,365 | |||||||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||||||||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 287 | $ | 1,157 | $ | 1,132 | $ | 1,073 | $ | 1,016 | $ | 1,001 | ||||||||||||
Interest element of rentals charged to income(1) | 20 | 89 | 78 | 83 | 96 | 136 | ||||||||||||||||||
Fixed charges as defined | $ | 307 | $ | 1,246 | $ | 1,210 | $ | 1,156 | $ | 1,112 | $ | 1,137 | ||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.04 | N/A(2) | 1.68 | 1.09 | 1.45 | 2.08 | ||||||||||||||||||
(1) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
(2) | The ratio of earnings to fixed charges was negative for the year ended December 31, 2016, resulting from pre-tax impairment charges of $10,665 million. Additional earnings of $9,298 million would be required to have a one-to-one ratio of earnings to fixed charges. |
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