Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - Western Refining Logistics, LP | wnrl-ex322.htm |
EX-32.1 - EXHIBIT 32.1 - Western Refining Logistics, LP | wnrl-ex321.htm |
EX-31.2 - EXHIBIT 31.2 - Western Refining Logistics, LP | wnrl-ex312.htm |
EX-31.1 - EXHIBIT 31.1 - Western Refining Logistics, LP | wnrl-ex311.htm |
EX-23.1 - EXHIBIT 23.1 - Western Refining Logistics, LP | wnrl-ex231consentofindepen.htm |
EX-21.1 - EXHIBIT 21.1 - Western Refining Logistics, LP | wnrl-ex211.htm |
10-K - 10-K - Western Refining Logistics, LP | wnrl-201610xk.htm |
Exhibit 12.1
Computation of Earnings to Fixed Charges
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
(In thousands) | |||||||||||||||||||
Earnings (loss) before income taxes | $ | 44,053 | $ | 32,753 | $ | 33,367 | $ | (47,200 | ) | $ | (50,214 | ) | |||||||
Add: | |||||||||||||||||||
Interest expense and other financing costs | 25,972 | 23,107 | 2,374 | 322 | 40 | ||||||||||||||
Amortization of capitalized interest | 64 | — | — | — | — | ||||||||||||||
Interest component of rental expense | 2,832 | 2,840 | 2,708 | 1,985 | 1,915 | ||||||||||||||
Earnings (loss) as adjusted | $ | 72,921 | $ | 58,700 | $ | 38,449 | $ | (44,893 | ) | $ | (48,259 | ) | |||||||
Fixed charges: | |||||||||||||||||||
Interest expense and other financing costs | $ | 25,972 | $ | 23,107 | $ | 2,374 | $ | 322 | $ | 40 | |||||||||
Capitalized interest | 896 | — | — | — | — | ||||||||||||||
Interest component of rental expense | 2,832 | 2,840 | 2,708 | 1,985 | 1,915 | ||||||||||||||
Fixed charges | $ | 29,700 | $ | 25,947 | $ | 5,082 | $ | 2,307 | $ | 1,955 | |||||||||
Ratio of earnings to fixed charges | 2.46 | 2.26 | 7.57 | — | — | ||||||||||||||
Coverage deficiency | $ | — | $ | — | $ | — | $ | 47,200 | $ | 50,214 |