Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - BUCKEYE PARTNERS, L.P. | h69814e10vk.htm |
| EX-32.2 - EX-32.2 - BUCKEYE PARTNERS, L.P. | h69814exv32w2.htm |
| EX-31.1 - EX-31.1 - BUCKEYE PARTNERS, L.P. | h69814exv31w1.htm |
| EX-21.1 - EX-21.1 - BUCKEYE PARTNERS, L.P. | h69814exv21w1.htm |
| EX-32.1 - EX-32.1 - BUCKEYE PARTNERS, L.P. | h69814exv32w1.htm |
| EX-31.2 - EX-31.2 - BUCKEYE PARTNERS, L.P. | h69814exv31w2.htm |
| EX-23.1 - EX-23.1 - BUCKEYE PARTNERS, L.P. | h69814exv23w1.htm |
| EX-10.13 - EX-10.13 - BUCKEYE PARTNERS, L.P. | h69814exv10w13.htm |
Exhibit 12.1
Buckeye Partners, L.P.
Computation of Ratio of Earnings to Fixed Charges
Dollars in Thousands
Computation of Ratio of Earnings to Fixed Charges
Dollars in Thousands
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income from continuing operations |
$ | 99,958 | $ | 110,240 | $ | 155,356 | $ | 183,159 | $ | 140,982 | ||||||||||
Equity income (greater than) less than distributions |
(1,539 | ) | 596 | (135 | ) | (2,875 | ) | (2,871 | ) | |||||||||||
Less: capitalized interest |
(2,325 | ) | (1,845 | ) | (1,469 | ) | (2,355 | ) | (3,401 | ) | ||||||||||
Total earnings |
96,094 | 108,991 | 153,752 | 177,929 | 134,710 | |||||||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest and debt expense |
43,357 | 52,113 | 50,378 | 74,387 | 74,851 | |||||||||||||||
Capitalized interest |
2,325 | 1,845 | 1,469 | 2,355 | 3,401 | |||||||||||||||
Portion of rentals representing an interest factor |
2,913 | 3,432 | 3,910 | 6,723 | 7,052 | |||||||||||||||
Total fixed charges |
48,595 | 57,390 | 55,757 | 83,465 | 85,304 | |||||||||||||||
Earnings available for fixed charges |
$ | 144,689 | $ | 166,381 | $ | 209,509 | $ | 261,394 | $ | 220,014 | ||||||||||
Ratio of earnings to fixed charges |
2.98 | 2.90 | 3.76 | 3.13 | 2.58 | |||||||||||||||