Crestwood Equity Partners LP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 30, 2009

Attached files

file filename
10-K - FORM 10-K - Crestwood Equity Partners LPd10k.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Crestwood Equity Partners LPdex231.htm
EX-99.1 - AUDITED BALANCE SHEET OF INERGY GP, LLC - Crestwood Equity Partners LPdex991.htm
EX-32.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - Crestwood Equity Partners LPdex322.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - Crestwood Equity Partners LPdex311.htm
EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - Crestwood Equity Partners LPdex321.htm
EX-21.1 - LIST OF SUBSIDIARIES OF INERGY, L.P. - Crestwood Equity Partners LPdex211.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - Crestwood Equity Partners LPdex312.htm
EX-10.7(A) - FIRST AMENDMENT TO EMPLOYMENT AGREEMENT, WILLIAM R. MOLER - Crestwood Equity Partners LPdex107a.htm

Exhibit 12.1

Inergy, L.P. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions)

 

     Year Ended
September 30,
     2009    2008    2007    2006    2005

Earnings:

               

Net income

    $ 101.4    $ 65.1    $ 67.0    $ 9.8    $ 38.6

Income taxes

      0.7      0.7      0.7      0.7      0.1

Interest expense

      69.7      60.9      52.0      53.8      34.2

Interest expense related to write-off of deferred financing costs

      -      -      -      -      7.0

Interest portion of operating leases

      4.0      3.6      3.3      3.3      2.6
                                  

Earnings for ratio calculation

    $ 175.8    $ 130.3    $ 123.0    $ 67.6    $ 82.5
                                  

Fixed charges:

               

Interest expense

    $ 69.7    $ 60.9    $ 52.0    $ 53.8    $ 34.2

Interest expense related to write-off of deferred financing costs

      -      -      -      -      7.0

Interest portion of operating leases

      4.0      3.6      3.3      3.3      2.6
                                  

Total fixed charges

    $ 73.7    $ 64.5    $ 55.3    $ 57.1    $ 43.8
                                  

Ratio of earnings to fixed charges

      2.39      2.02      2.22      1.18      1.88
                                  

For purposes of determining the ratio of earnings to fixed charges, earnings are defined as earnings from continuing operations before income taxes, plus fixed charges. Fixed charges consist of net interest expense (inclusive of write-off of deferred financing costs) on all indebtedness and the amortization of deferred financing costs and interest associated with operating leases.

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