Attached files

file filename
10-K - 10-K - PHILLIPS 66 PARTNERS LPmlp-20141231_10xk.htm
EX-10.6 - EXHIBIT 10.6 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit1.htm
EX-23 - EXHIBIT 23 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit23.htm
EX-21 - EXHIBIT 21 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit21.htm
EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit32.htm
EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit311.htm
EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LPmlp-20141231_10xkxexhibit312.htm
EXCEL - IDEA: XBRL DOCUMENT - PHILLIPS 66 PARTNERS LPFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - PHILLIPS 66 PARTNERS LPR9999.htm


Exhibit 12



PHILLIPS 66 PARTNERS LP

Computation of Ratio of Earnings to Fixed Charges

 
Millions of Dollars
 
Year Ended December 31
 
2014

 
2013*

 
2012*

 
2011*

Earnings Available for Fixed Charges
 
 
 
 
 
 
 
Income before income tax
$
125.2

 
97.2

 
59.4

 
63.5

Fixed charges
5.3

 
0.3

 

 

 
$
130.5

 
97.5

 
59.4

 
63.5

 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
Interest and expense on indebtedness
$
5.3

 
0.3

 

 

 
$
5.3

 
0.3

 

 

Ratio of Earnings to Fixed Charges
24.6

 
325.0

 
N/A

 
N/A

*Prior-period financial information has been retrospectively adjusted for the acquisition of the Bayway and Ferndale rail racks.