Attached files
| file | filename |
|---|---|
| EX-10.5 - EXHIBIT 10.5 - PHILLIPS 66 PARTNERS LP | mlp2015331_exhibit105.htm |
| EX-10.3 - EXHIBIT 10.3 - PHILLIPS 66 PARTNERS LP | mlp2015331_exhibit103.htm |
| EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-2015331_exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-2015331_exhibit312.htm |
| EX-10.6 - EXHIBIT 10.6 - PHILLIPS 66 PARTNERS LP | mlp-2015331_exhibit106.htm |
| EX-10.4 - EXHIBIT 10.4 - PHILLIPS 66 PARTNERS LP | mlp-2015331_exhibit104.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PHILLIPS 66 PARTNERS LP | Financial_Report.xls |
| 10-Q - 10-Q - PHILLIPS 66 PARTNERS LP | mlp-2015331_10q.htm |
| EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-2015331_exhibit32.htm |
Exhibit 12
PHILLIPS 66 PARTNERS LP
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | |||||||||||||||
Three Months Ended | |||||||||||||||
March 31 | Years Ended December 31 | ||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Earnings Available for Fixed Charges | |||||||||||||||
Income before income tax | $ | 35.6 | 125.2 | 97.2 | 59.4 | 63.5 | |||||||||
Undistributed equity earnings | (5.8 | ) | — | — | — | — | |||||||||
Fixed charges, excluding capitalized interest | 6.1 | 5.3 | 0.3 | — | — | ||||||||||
$ | 35.9 | 130.5 | 97.5 | 59.4 | 63.5 | ||||||||||
Fixed Charges | |||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 5.9 | 5.3 | 0.3 | — | — | |||||||||
Capitalized interest | 0.6 | — | — | — | — | ||||||||||
Interest portion of rental expense | 0.2 | — | — | — | — | ||||||||||
$ | 6.7 | 5.3 | 0.3 | — | — | ||||||||||
Ratio of Earnings to Fixed Charges | 5.4 | 24.6 | 325.0 | N/A | N/A | ||||||||||