Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - Targa Resources Partners LP | Financial_Report.xls |
EX-32.2 - EXHIBIT 32.2 - Targa Resources Partners LP | ex32_2.htm |
EX-31.1 - EXHIBIT 31.1 - Targa Resources Partners LP | ex31_1.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 |
10-Q - TARGA RESOURCES PARTNERS LP 10-Q 3-31-2015 - 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,
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Three Months Ended March 31,
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|||||||||||||||||||||||||||
2014
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2013
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2012
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2011
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2010
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2015
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2014
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||||||||||||||||||||||
(In millions)
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||||||||||||||||||||||||||||
Pre-tax income from continuing operations
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$
|
509.9
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$
|
261.5
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$
|
207.4
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$
|
249.8
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$
|
138.0
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$
|
77.6
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$
|
132.4
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||||||||||||||
Fixed charges:
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||||||||||||||||||||||||||||
Interest expense and amortization of debt issuance costs
|
143.8
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131.0
|
116.8
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107.7
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110.9
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50.9
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33.1
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|||||||||||||||||||||
Capitalized interest
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16.1
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28.0
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13.6
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3.4
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1.3
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2.4
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6.9
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|||||||||||||||||||||
Operating lease payments
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8.2
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7.8
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5.4
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4.7
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4.6
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2.8
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2.1
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|||||||||||||||||||||
Total fixed charges
|
168.1
|
166.8
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135.8
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115.8
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116.8
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56.1
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42.1
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|||||||||||||||||||||
Amortization of capitalized interest
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2.8
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1.7
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0.7
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0.2
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0.1
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0.6
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0.5
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|||||||||||||||||||||
Equity earnings in unconsolidated affiliates
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(18.0
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)
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(14.8
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)
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(1.9
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)
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(8.8
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)
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(5.4
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)
|
(1.7
|
)
|
(4.9
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)
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||||||||||||||
Distributions from unconsolidated affiliates
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23.7
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12.0
|
2.3
|
8.3
|
8.7
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2.8
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7.1
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|||||||||||||||||||||
Capitalized interest
|
(16.1
|
)
|
(28.0
|
)
|
(13.6
|
)
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(3.4
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)
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(1.3
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)
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(2.4
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)
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(6.9
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)
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||||||||||||||
Income as adjusted
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$
|
670.4
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$
|
399.2
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$
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330.7
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$
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361.9
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$
|
256.9
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$
|
133.0
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$
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170.3
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||||||||||||||
Ratio of earnings to fixed charges
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4.0
|
2.4
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2.4
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3.1
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2.2
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2.4
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4.0
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