Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-2016331_exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-2016331_exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-2016331_exhibit311.htm |
| 10-Q - 10-Q - PHILLIPS 66 PARTNERS LP | mlp-2016331_10q.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 | |||||||||||||||||
2016 | 2015* | 2014* | 2013* | 2012* | 2011* | |||||||||||||
Earnings Available for Fixed Charges | ||||||||||||||||||
Income before income tax and noncontrolling interests that have not incurred fixed charges | $ | 57.4 | 175.5 | 122.2 | 89.6 | 59.4 | 63.5 | |||||||||||
Undistributed equity earnings | 0.6 | (0.1 | ) | — | — | — | — | |||||||||||
Fixed charges, excluding capitalized interest | 10.1 | 34.5 | 5.3 | 0.3 | — | — | ||||||||||||
$ | 68.1 | 209.9 | 127.5 | 89.9 | 59.4 | 63.5 | ||||||||||||
Fixed Charges | ||||||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 9.9 | 33.9 | 5.3 | 0.3 | — | — | |||||||||||
Capitalized interest | 1.3 | 11.1 | 1.7 | — | — | — | ||||||||||||
Interest portion of rental expense | 0.2 | 0.6 | — | — | — | — | ||||||||||||
$ | 11.4 | 45.6 | 7.0 | 0.3 | — | — | ||||||||||||
Ratio of Earnings to Fixed Charges | 6.0 | 4.6 | 18.2 | 299.7 | N/A | N/A | ||||||||||||
*Prior-period financial information has been retrospectively adjusted for the acquisitions of businesses under common control.