KINDER MORGAN, INC. - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - April 28, 2015

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - KINDER MORGAN, INC.Financial_Report.xls
EX-4.1 - EXHIBIT 4.1 - KINDER MORGAN, INC.kmi-03312015ex41.htm
EX-32.1 - EXHIBIT 32.1 - KINDER MORGAN, INC.kmi-03312015ex321.htm
EX-31.1 - EXHIBIT 31.1 - KINDER MORGAN, INC.kmi-03312015ex311.htm
EX-31.2 - EXHIBIT 31.2 - KINDER MORGAN, INC.kmi-03312015ex312.htm
EX-95.1 - EXHIBIT 95.1 - KINDER MORGAN, INC.kmi-03312015ex951.htm
EX-32.2 - EXHIBIT 32.2 - KINDER MORGAN, INC.kmi-03312015ex322.htm
10-Q - 10-Q - KINDER MORGAN, INC.kmi-03312015x10q.htm
EX-10.1 - EXHIBIT 10.1 - KINDER MORGAN, INC.kmi-0331x2015ex101.htm


Exhibit 12.1
KINDER MORGAN, INC. AND SUBSIDIARIES
EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)

 
Three Months Ended March 31,
 
2015
 
2014(a)
Earnings:
 
 
 
Pre-tax income before adjustment for net income attributable to the noncontrolling interests and earnings from equity investments (including loss on impairments of equity investments and amortization of excess cost of equity investments) per statements of income
$
579

 
$
712

Add:
 
 
 
Fixed charges
542

 
476

Amortization of capitalized interest
2

 
1

Distributions from equity investment earnings
92

 
77

Less:
 
 
 
Interest capitalized
(16
)
 
(18
)
Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges
—

 
(74
)
Income as adjusted
$
1,199

 
$
1,174

 
 
 
 
Fixed charges:
 
 
 
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
$
530

 
$
467

Add:
 
 
 
Portion of rents representative of the interest factor
12

 
9

Fixed charges
$
542

 
$
476

 
 
 
 
Ratio of earnings to fixed charges
2.21

 
2.47


_______
(a) Revised for immaterial correction.


KINDER MORGAN, INC. Reports