Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Breitburn Energy Partners LP | d796723d8k.htm |
| EX-99.2 - EX-99.2 - Breitburn Energy Partners LP | d796723dex992.htm |
| EX-99.1 - EX-99.1 - Breitburn Energy Partners LP | d796723dex991.htm |
| EX-99.3 - EX-99.3 - Breitburn Energy Partners LP | d796723dex993.htm |
| EX-23.3 - EX-23.3 - Breitburn Energy Partners LP | d796723dex233.htm |
| EX-23.2 - EX-23.2 - Breitburn Energy Partners LP | d796723dex232.htm |
| EX-23.1 - EX-23.1 - Breitburn Energy Partners LP | d796723dex231.htm |
Exhibit 12.1
Breitburn Energy Partners LP
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
| Six Months | ||||||||||||||||||||||||
| Year Ended December 31, | Ended | |||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | June 30, 2014 | |||||||||||||||||||
| Earnings Available for Fixed Charges |
||||||||||||||||||||||||
| Pre-tax income (loss) before income from equity investees |
$ | (108,940 | ) | $ | 33,847 | $ | 111,050 | $ | (41,409 | ) | $ | (43,287 | ) | $ | (114,823 | ) | ||||||||
| Add: |
||||||||||||||||||||||||
| Fixed charges |
32,966 | 36,855 | 43,538 | 67,990 | 88,766 | 61,968 | ||||||||||||||||||
| Amortization of capitalized interest |
— | 39 | 24 | 27 | 52 | 31 | ||||||||||||||||||
| Distributed income of equity investments |
1,424 | 1,181 | 841 | 1,179 | 466 | 89 | ||||||||||||||||||
| Less: |
||||||||||||||||||||||||
| Capitalized interest |
— | 270 | 77 | 54 | 128 | 117 | ||||||||||||||||||
| Preferred unit distributions |
— | — | — | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total earnings available for fixed charges |
$ | (74,550 | ) | $ | 71,651 | $ | 155,376 | $ | 27,732 | $ | 45,869 | $ | (52,852 | ) | ||||||||||
| Fixed Charges |
||||||||||||||||||||||||
| Interest and other financing costs (a) |
$ | 31,942 | $ | 35,909 | $ | 42,499 | $ | 66,729 | $ | 87,195 | $ | 60,983 | ||||||||||||
| Estimated interest within rental expense |
1,024 | 946 | 1,039 | 1,261 | 1,571 | 985 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total fixed charges |
$ | 32,966 | $ | 36,855 | $ | 43,538 | $ | 67,990 | $ | 88,766 | $ | 61,968 | ||||||||||||
| Ratio of Earnings to Fixed Charges |
— | 1.9x | 3.6x | — | — | — | ||||||||||||||||||
| Insufficient Coverage |
$ | (107,516 | ) | — | — | $ | (40,257 | ) | $ | (42,897 | ) | $ | (114,820 | ) | ||||||||||
| (a) | Reflects interest costs before capitalization of interest and includes settlements paid on interest rate swaps. |