WILLIAMS PARTNERS L.P. - FORM 10-K - EX-12 - February 22, 2017

Attached files

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EX-32 - EX-32 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex32.htm
EX-31.2 - EX-31.2 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex312.htm
EX-31.1 - EX-31.1 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex311.htm
EX-24 - EX-24 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex24.htm
EX-23.2 - EX-23.2 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex232.htm
EX-23.1 - EX-23.1 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex231.htm
EX-21 - EX-21 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex21.htm
EX-3.14 - EX-3.14 - WILLIAMS PARTNERS L.P.wpz_20161231x10kxex314.htm
10-K - 10-K - WILLIAMS PARTNERS L.P.wpz_20161231x10k.htm


Exhibit 12

Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
 
 
 
Years Ended December 31,
  
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
(Millions)
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
439

 
$
(1,357
)
 
$
1,313

 
$
1,149

 
$
1,333

Less: Equity earnings
 
(397
)
 
(335
)
 
(228
)
 
(104
)
 
(111
)
Income (loss) before income taxes and equity earnings
 
42

 
(1,692
)
 
1,085

 
1,045

 
1,222

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest incurred
 
949

 
864

 
683

 
477

 
458

Rental expense representative of interest factor
 
10

 
9

 
9

 
10

 
8

Total fixed charges
 
959

 
873

 
692

 
487

 
466

Distributed income of equity-method investees
 
739

 
617

 
344

 
152

 
160

Less:
 
 
 
 
 
 
 
 
 
 
Interest capitalized
 
(33
)
 
(53
)
 
(121
)
 
(90
)
 
(54
)
Total earnings as adjusted
 
$
1,707

 
$
(255
)
 
$
2,000

 
$
1,594

 
$
1,794

Fixed charges
 
$
959

 
$
873

 
$
692

 
$
487

 
$
466

Ratio of earnings to fixed charges
 
1.78

 
*

 
2.89

 
3.27

 
3.85

_________
* Earnings were inadequate to cover fixed charges by $1,128 million for 2015.









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