Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit322_12312017.htm |
| EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit321_12312017.htm |
| EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit312_12312017.htm |
| EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit311_12312017.htm |
| EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit232_12312017.htm |
| EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY RESOURCES CORP | cercexhibit231_12312017.htm |
| 10-K - 10-K - CENTERPOINT ENERGY RESOURCES CORP | cerc_10kx12312017.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, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 (1) | |||||||||||||||
(in millions) | |||||||||||||||||||
Net Income (loss) (2) | $ | 745 | $ | 245 | $ | (912 | ) | $ | 323 | $ | 64 | ||||||||
Equity in (earnings) losses of unconsolidated affiliates, net of distributions | 32 | 89 | 1,927 | (2 | ) | (58 | ) | ||||||||||||
Income taxes expense (benefit) | (161 | ) | 162 | (539 | ) | 188 | 371 | ||||||||||||
Capitalized interest | (2 | ) | (2 | ) | (2 | ) | (1 | ) | (1 | ) | |||||||||
614 | 494 | 474 | 508 | 376 | |||||||||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest | 123 | 122 | 137 | 141 | 154 | ||||||||||||||
Capitalized interest | 2 | 2 | 2 | 1 | 1 | ||||||||||||||
Interest component of rentals charged to operating expense | 3 | 3 | 3 | 3 | 6 | ||||||||||||||
Total fixed charges | 128 | 127 | 142 | 145 | 161 | ||||||||||||||
Earnings, as defined | $ | 742 | $ | 621 | $ | 616 | $ | 653 | $ | 537 | |||||||||
Ratio of earnings to fixed charges | 5.80 | 4.89 | 4.34 | 4.50 | 3.34 | ||||||||||||||
(1) | Excluded from the computation of fixed charges for the years ended December 31, 2013 is interest income of $3 million, which is included in income tax expense. |
(2) | Net income for the year ended December 31, 2017 includes a reduction in income taxes of $396 million due to tax reform. See Note 13 for further discussion of the impacts of tax reform implementation. |