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8-K - 8-K - XCEL ENERGY INCa8-kholdcobondofferingjune.htm
EX-4.01 - EXHIBIT 4.01 - XCEL ENERGY INCholdcoexhibit401june2015.htm
EX-5.01 - EXHIBIT 5.01 - XCEL ENERGY INCholdcoexhibit501june2015.htm


Exhibit 12.01

XCEL ENERGY INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
 
Three Months
Ended March 31,
2015
 
Year Ended Dec. 31
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings, as defined:
 
 
 

 
 

 
 

 
 

 
 

Pretax income
$
235,646

 
$
1,545,121

 
$
1,432,210

 
$
1,355,402

 
$
1,309,690

 
$
1,188,591

Add: Fixed charges
171,777

 
677,390

 
686,258

 
734,564

 
725,375

 
708,529

Add: Dividends from unconsolidated
   subsidiaries
9,876

 
36,707

 
36,416

 
33,470

 
34,034

 
32,538

Deduct: Equity earnings of unconsolidated
   subsidiaries
7,776

 
30,151

 
30,020

 
29,971

 
30,527

 
29,948

Total earnings, as defined
$
409,523

 
$
2,229,067

 
$
2,124,864

 
$
2,093,465

 
$
2,038,572

 
$
1,899,710

Fixed charges, as defined:
 
 
 

 
 

 
 

 
 

 
 

Interest charges
$
144,940

 
$
566,608

 
$
575,199

 
$
601,582

 
$
591,098

 
$
577,291

Interest charges on life insurance policy borrowings
37

 
214

 
245

 
310

 
332

 
372

Interest component of leases
26,800

 
110,568

 
110,814

 
132,672

 
133,945

 
130,866

Total fixed charges, as defined
$
171,777

 
$
677,390

 
$
686,258

 
$
734,564

 
$
725,375

 
$
708,529

Ratio of earnings to fixed charges
2.4

 
3.3

 
3.1

 
2.8

 
2.8

 
2.7