Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - Targa Resources Partners LP | Financial_Report.xls |
10-Q - TARGA RESOURCES PARTNERS LP 10-Q 6-30-2014 - Targa Resources Partners LP | form10q.htm |
EX-31.1 - EXHIBIT 31.1 - Targa Resources Partners LP | ex31_1.htm |
EX-32.2 - EXHIBIT 32.2 - Targa Resources Partners LP | ex32_2.htm |
EX-32.1 - EXHIBIT 32.1 - Targa Resources Partners LP | ex32_1.htm |
EX-31.2 - EXHIBIT 31.2 - Targa Resources Partners LP | ex31_2.htm |
Exhibit 12.1
Targa Resources Partners LP
Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31,
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Six Months Ended June 30,
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|||||||||||||||||||||||||||
2013
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2012
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2011
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2010
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2009
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2014
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2013
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||||||||||||||||||||||
(In millions)
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||||||||||||||||||||||||||||
Pre-tax income from continuing operations
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$
|
261.5
|
$
|
207.4
|
$
|
249.8
|
$
|
138.0
|
$
|
8.4
|
$
|
254.6
|
$
|
79.8
|
||||||||||||||
Fixed charges:
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||||||||||||||||||||||||||||
Interest expense and amortization of debt issuance costs
|
131.0
|
116.8
|
107.7
|
110.9
|
159.8
|
68.1
|
63.0
|
|||||||||||||||||||||
Capitalized interest
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28.0
|
13.6
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3.4
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1.3
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0.7
|
11.5
|
14.8
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|||||||||||||||||||||
Operating lease payments
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7.8
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5.4
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4.7
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4.6
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4.5
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4.3
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3.8
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|||||||||||||||||||||
Total fixed charges
|
166.8
|
135.8
|
115.8
|
116.8
|
165.0
|
83.9
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81.6
|
|||||||||||||||||||||
Amortization of capitalized interest
|
1.7
|
0.7
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0.2
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0.1
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0.1
|
1.0
|
0.7
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|||||||||||||||||||||
Equity earnings in unconsolidated investment
|
(14.8
|
)
|
(1.9
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)
|
(8.8
|
)
|
(5.4
|
)
|
(5.0
|
)
|
(9.1
|
)
|
(4.5
|
)
|
||||||||||||||
Distributions from unconsolidated investment
|
12.0
|
2.3
|
8.3
|
8.7
|
5.1
|
12.7
|
-
|
|||||||||||||||||||||
Capitalized interest
|
(28.0
|
)
|
(13.6
|
)
|
(3.4
|
)
|
(1.3
|
)
|
(0.7
|
)
|
(11.5
|
)
|
(14.8
|
)
|
||||||||||||||
Pre-tax income from continuing operations plus fixed charges
|
$
|
399.2
|
$
|
330.7
|
$
|
361.9
|
$
|
256.9
|
$
|
172.9
|
$
|
331.6
|
$
|
142.8
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||||||||||||||
Ratio of earnings to fixed charges
|
2.4
|
2.4
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3.1
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2.2
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1.0
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4.0
|
1.8
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|||||||||||||||||||||
Deficiency
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|