CENTERPOINT ENERGY INC - FORM 10-K - EX-12 - EXHIBIT 12 - February 22, 2018

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY INCcnp_exhibit322x12312017.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY INCcnp_exhibit321x12312017.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY INCcnp_exhibit312x12312017.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY INCcnp_exhibit311x12312017.htm
EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY INCcnp_exhibit232x12312017.htm
EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY INCcnp_exhibit231x12312017.htm
EX-21 - EXHIBIT 21 - CENTERPOINT ENERGY INCcnp_exhibit21x12312017.htm
EX-10.(S) - EXHIBIT 10.(S) - CENTERPOINT ENERGY INCcnp_exhibit10sx12312017.htm
EX-10.(R) - EXHIBIT 10.(R) - CENTERPOINT ENERGY INCcnp_exhibit10rx12312017.htm
EX-10.(Q)7 - EXHIBIT 10.(Q)7 - CENTERPOINT ENERGY INCcnp_exhibit10q7x12312017.htm
EX-10.(Q)6 - EXHIBIT 10.(Q)6 - CENTERPOINT ENERGY INCcnp_exhibit10q6x12312017.htm
EX-10.(Q)5 - EXHIBIT 10.(Q)5 - CENTERPOINT ENERGY INCcnp_exhibit10q5x12312017.htm
EX-10.(Q)3 - EXHIBIT 10.(Q)3 - CENTERPOINT ENERGY INCcnp_exhibit10q3x12312017.htm
EX-10.(Q)2 - EXHIBIT 10.(Q)2 - CENTERPOINT ENERGY INCcnp_exhibit10q2x12312017.htm
EX-10.(H) - EXHIBIT 10.(H) - CENTERPOINT ENERGY INCcnp_exhibit10hx12312017.htm
10-K - 10-K - CENTERPOINT ENERGY INCcnp_10kx12312017.htm


Exhibit 12

 
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
     2017 (1)
 
      2016
 
     2015 (2)
 
     2014 (3)
 
     2013 (3)
 
(In millions)
Income (loss) before extraordinary item (2) (3)
$
1,792

 
$
432

 
$
(692
)
 
$
611

 
$
311

Equity in (earnings) losses of unconsolidated affiliates, net of distributions
32

 
89

 
1,927

 
(2
)
 
(58
)
Income tax expense (benefit)
(729
)
 
254

 
(438
)
 
274

 
470

Capitalized interest
(9
)
 
(8
)
 
(10
)
 
(11
)
 
(11
)
 
1,086

 
767

 
787

 
872

 
712

 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest
390

 
429

 
457

 
471

 
484

Capitalized interest
9

 
8

 
10

 
11

 
11

Interest component of rentals charged to operating expense
3

 
3

 
3

 
4

 
7

Total fixed charges
402

 
440

 
470

 
486

 
502

 
 
 
 
 
 
 
 
 
 
Earnings, as defined
$
1,488

 
$
1,207

 
$
1,257

 
$
1,358

 
$
1,214

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.70

 
2.74

 
2.67

 
2.79

 
2.42


(1)
Net income for the year ended December 31, 2017 includes a reduction in income taxes of $1,113 million due to tax reform. See Note 14 for further discussion of the impacts of tax reform implementation.

(2)
Net income for the year ended December 31, 2015 includes a $1,633 million loss related to CenterPoint Energy's investment in Enable. See Note 10 for further discussion of CenterPoint Energy's investment in Enable.

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



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