CENTERPOINT ENERGY RESOURCES CORP - FORM 10-K - EX-12 - EXHIBIT 12 - February 28, 2017

Attached files

file filename
10-K - 10-K - CENTERPOINT ENERGY RESOURCES CORPcerc201610-k.htm
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit322_12312016.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit321_12312016.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit312_12312016.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit311_12312016.htm
EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit232_12312016.htm
EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY RESOURCES CORPcercexhibit231_12312016.htm


Exhibit 12

 
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
(An Indirect Wholly Owned Subsidiary of CenterPoint Energy, Inc.)

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES


 
Year Ended December 31,
 
2016
 
2015
 
2014
 
2013 (1)
 
2012 (1)
 
(in millions)
Net Income (loss)
$
245

 
$
(912
)
 
$
323

 
$
64

 
$
137

Equity in (earnings) losses of unconsolidated affiliates, net of distributions
89

 
1,927

 
(2
)
 
(58
)
 
8

Income taxes expense (benefit)
162

 
(539
)
 
188

 
371

 
246

Capitalized interest
(2
)
 
(2
)
 
(1
)
 
(1
)
 
(2
)
 
494

 
474

 
508

 
376

 
389

 
 

 
 

 
 

 
 

 
 

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Interest
122

 
137

 
141

 
154

 
179

Capitalized interest
2

 
2

 
1

 
1

 
2

Interest component of rentals charged to operating expense
3

 
3

 
3

 
6

 
9

Total fixed charges
127

 
142

 
145

 
161

 
190

 
 

 
 

 
 

 
 

 
 

Earnings, as defined
$
621

 
$
616

 
$
653

 
$
537

 
$
579

 
 

 
 

 
 

 
 

 
 

Ratio of earnings to fixed charges
4.89

 
4.34

 
4.50

 
3.34

 
3.05


(1)
Excluded from the computation of fixed charges for both the years ended December 31, 2013 and 2012 is interest income of $3 million, which is included in income tax expense.

 


 


 




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