Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - VALERO ENERGY PARTNERS LP | d145163dex51.htm |
| EX-1.1 - EX-1.1 - VALERO ENERGY PARTNERS LP | d145163dex11.htm |
| 8-K - 8-K - VALERO ENERGY PARTNERS LP | d145163d8k.htm |
Exhibit 12.1
VALERO ENERGY PARTNERS LP
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands)
| Pro Forma | ||||||||
| Nine Months Ended September 30, 2016 |
Fiscal Year Ended December 31, 2015(a) |
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| Earnings: |
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| Income before income taxes |
$ | 124,356 | $ | 65,808 | ||||
| Add: |
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| Fixed charges |
11,983 | 8,521 | ||||||
| Amortization of capitalized interest |
3 | 1 | ||||||
| Less: |
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| Capitalized interest |
(48 | ) | (31 | ) | ||||
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| Total Earnings |
$ | 136,294 | 74,229 | |||||
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| Fixed charges: |
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| Interest and debt expenses, net of capitalized interest |
$ | 15,038 | $ | 11,868 | ||||
| Capitalized interest |
48 | 31 | ||||||
| Rental expense interest factor (b) |
2,353 | 2,377 | ||||||
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| Total fixed charges |
$ | 17,439 | $ | 14,276 | ||||
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| Ratio of earnings to fixed charges |
7.8 | x | 5.2 | x | ||||
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| (a) | Amounts have been retrospectively adjusted for the acquisitions of businesses under common control. |
| (b) | The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense. |