Attached files
| file | filename |
|---|---|
| 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 |
| EX-31.1 - EXHIBIT 31.1 - Targa Resources Partners LP | ex31_1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Targa Resources Partners LP | Financial_Report.xls |
| 10-Q - TARGA RESOURCES PARTNERS LP 10-Q 9-30-2014 - Targa Resources Partners LP | form10q.htm |
Exhibit 12.1
Targa Resources Partners LP
Computation of Ratio of Earnings to Fixed Charges
|
Years Ended December 31,
|
Nine Months Ended
September 30,
|
|||||||||||||||||||||||||||
|
2013
|
2012
|
2011
|
2010
|
2009
|
2014
|
2013
|
||||||||||||||||||||||
|
(In millions)
|
||||||||||||||||||||||||||||
|
Pre-tax income from continuing operations
|
$
|
261.5
|
$
|
207.4
|
$
|
249.8
|
$
|
138.0
|
$
|
8.4
|
$
|
394.2
|
$
|
145.5
|
||||||||||||||
|
Fixed charges:
|
||||||||||||||||||||||||||||
|
Interest expense and amortization of debt issuance costs
|
131.0
|
116.8
|
107.7
|
110.9
|
159.8
|
104.1
|
95.6
|
|||||||||||||||||||||
|
Capitalized interest
|
28.0
|
13.6
|
3.4
|
1.3
|
0.7
|
14.3
|
22.6
|
|||||||||||||||||||||
|
Operating lease payments
|
7.8
|
5.4
|
4.7
|
4.6
|
4.5
|
6.4
|
5.7
|
|||||||||||||||||||||
|
Total fixed charges
|
166.8
|
135.8
|
115.8
|
116.8
|
165.0
|
124.8
|
123.9
|
|||||||||||||||||||||
|
Amortization of capitalized interest
|
1.7
|
0.7
|
0.2
|
0.1
|
0.1
|
0.9
|
0.5
|
|||||||||||||||||||||
|
Equity earnings in unconsolidated investment
|
(14.8
|
)
|
(1.9
|
)
|
(8.8
|
)
|
(5.4
|
)
|
(5.0
|
)
|
(13.8
|
)
|
(10.1
|
)
|
||||||||||||||
|
Distributions from unconsolidated investment
|
12.0
|
2.3
|
8.3
|
8.7
|
5.1
|
18.0
|
12.0
|
|||||||||||||||||||||
|
Capitalized interest
|
(28.0
|
)
|
(13.6
|
)
|
(3.4
|
)
|
(1.3
|
)
|
(0.7
|
)
|
(14.3
|
)
|
(22.6
|
)
|
||||||||||||||
|
Pre-tax income from continuing operations plus fixed charges
|
$
|
399.2
|
$
|
330.7
|
$
|
361.9
|
$
|
256.9
|
$
|
172.9
|
$
|
509.8
|
$
|
249.2
|
||||||||||||||
|
Ratio of earnings to fixed charges
|
2.4
|
2.4
|
3.1
|
2.2
|
1.0
|
4.1
|
2.0
|
|||||||||||||||||||||
|
Deficiency
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||