Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Magellan Midstream Partners, L.P. | mmp-201663010q.htm |
| EX-32.2 - EXHIBIT 32.2 - Magellan Midstream Partners, L.P. | ex-322x2q16.htm |
| EX-32.1 - EXHIBIT 32.1 - Magellan Midstream Partners, L.P. | ex-321x2q16.htm |
| EX-31.2 - EXHIBIT 31.2 - Magellan Midstream Partners, L.P. | ex-312x2q16.htm |
| EX-31.1 - EXHIBIT 31.1 - Magellan Midstream Partners, L.P. | ex-311x2q16.htm |
Exhibit 12
MAGELLAN MIDSTREAM PARTNERS, L.P.
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)
Year Ended December 31, | Year-to-Date Period Ending June 30, 2016 | ||||||||||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
EARNINGS: | |||||||||||||||||||||||
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle* | $ | 408,669 | $ | 435,331 | $ | 580,575 | $ | 824,745 | $ | 754,975 | $ | 363,518 | |||||||||||
Add: Fixed charges | 110,946 | 120,321 | 133,511 | 146,835 | 160,044 | 93,024 | |||||||||||||||||
Amortization of interest capitalized | 739 | 755 | 816 | 900 | 993 | 861 | |||||||||||||||||
Distributed income of equity investees | 5,598 | 7,793 | 3,274 | 3,086 | 66,285 | 31,080 | |||||||||||||||||
Less: Interest capitalized | (3,174 | ) | (6,195 | ) | (14,339 | ) | (22,803 | ) | (14,442 | ) | (13,266 | ) | |||||||||||
Total earnings | $ | 522,778 | $ | 558,005 | $ | 703,837 | $ | 952,763 | $ | 967,855 | $ | 475,217 | |||||||||||
FIXED CHARGES: | |||||||||||||||||||||||
Interest expense | $ | 110,700 | $ | 120,068 | $ | 132,887 | $ | 145,862 | $ | 158,895 | $ | 92,410 | |||||||||||
Rent expense representative of interest factor | 246 | 253 | 624 | 973 | 1,149 | 614 | |||||||||||||||||
Total fixed charges | $ | 110,946 | $ | 120,321 | $ | 133,511 | $ | 146,835 | $ | 160,044 | $ | 93,024 | |||||||||||
Ratio of earnings to fixed charges | 4.7 | 4.6 | 5.3 | 6.5 | 6.0 | 5.1 | |||||||||||||||||
* Excludes income from equity investments.