Attached files
Exhibit 12.1
Regency Energy Partners LP
Ratio of Earnings to Fixed Charges
(in thousands, except for ratio amounts)
(Unaudited)
Successor | Predecessor | |||||||||||
Three Month Period ended March 31, 2011 |
Three Month Period ended March 31, 2010 |
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Fixed charges: |
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Interest expense, net |
$ | 20,007 | $ | 20,482 | ||||||||
Capitalized interest |
457 | 401 | ||||||||||
Interest charges included in rental expense (c) |
203 | 177 | ||||||||||
Distributions to the Series A Convertible Redeemable Preferred Units |
1,945 | | ||||||||||
Accretion of the Series A Convertible Redeemable Preferred Units |
48 | 55 | ||||||||||
Total fixed charges (a) |
$ | 22,660 | $ | 21,115 | ||||||||
Earnings: |
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Income from continuing operations before income taxes |
$ | 14,273 | $ | 783 | ||||||||
Less: |
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Income from unconsolidated subsidiaries |
23,808 | 7,913 | ||||||||||
Capitalized interest |
457 | 401 | ||||||||||
Noncontrolling interests |
231 | 162 | ||||||||||
Add: |
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Distributed income from unconsolidated subsidiaries |
25,270 | 3,526 | ||||||||||
Fixed charges |
22,660 | 21,115 | ||||||||||
Amortization of capitalized interest |
142 | 113 | ||||||||||
Total earnings available for fixed charges (b) |
$ | 37,849 | $ | 17,061 | ||||||||
Ratio of earnings to fixed charges (b)/(a) (1) |
1.67 | | ||||||||||
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(1) Earnings were insufficient to cover fixed charges by: |
$ | | $ | 4,054 | ||||||||
(c) Amount approximates reasonable interest expense included within operating lease payments. |