Breitburn Energy Partners LP - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - March 8, 2017

Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Breitburn Energy Partners LPex991nsaireservereport.htm
EX-99.2 - EXHIBIT 99.2 - Breitburn Energy Partners LPex992cgareservereport.htm
EX-32.2 - EXHIBIT 32.2 - Breitburn Energy Partners LPexhibit322123116.htm
EX-32.1 - EXHIBIT 32.1 - Breitburn Energy Partners LPexhibit321123116.htm
EX-31.2 - EXHIBIT 31.2 - Breitburn Energy Partners LPexhibit312123116.htm
EX-31.1 - EXHIBIT 31.1 - Breitburn Energy Partners LPexhibit311123116.htm
EX-23.3 - EXHIBIT 23.3 - Breitburn Energy Partners LPexhibit233cgaconsent123116.htm
EX-23.2 - EXHIBIT 23.2 - Breitburn Energy Partners LPexhibit232nsaconsent123116.htm
EX-23.1 - EXHIBIT 23.1 - Breitburn Energy Partners LPexhibit231pwcconsent123116.htm
EX-21.1 - EXHIBIT 21.1 - Breitburn Energy Partners LPexhibit211bbepsubslisting1.htm
EX-3.8 - EXHIBIT 3.8 - Breitburn Energy Partners LPexhibit38123116.htm
EX-3.4 - EXHIBIT 3.4 - Breitburn Energy Partners LPexhibit34123116.htm
10-K - 10-K - Breitburn Energy Partners LPbbep12311610k.htm


Exhibit 12.1



Breitburn Energy Partners LP
Computation of Ratio of Earnings to Fixed Charges
(In thousands)

 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
Earnings Available for Fixed Charges
 
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to the partnership
 
$
(814,339
)
 
$
(2,583,339
)
 
$
421,333

 
$
(43,671
)
 
$
(40,801
)
Add: income tax (benefit) expense
 
(1,835
)
 
1,527

 
(73
)
 
905

 
84

Less: income from equity investments
 
538

 
679

 
(31
)
 
521

 
692

Pre-tax (loss) income before non-controlling interests and income from equity investees
 
(816,712
)
 
(2,582,491
)
 
421,291

 
(43,287
)
 
(41,409
)
Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
156,661

 
213,106

 
130,275

 
88,766

 
67,990

Amortization of capitalized interest
 
183

 
274

 
69

 
52

 
27

Distributed income of equity investments
 
—

 
(576
)
 
209

 
466

 
1,179

Less:
 
 
 
 
 
 
 
 
 
 
Capitalized interest
 
149

 
155

 
326

 
128

 
54

Preferred unit distributions
 
5,500

 
16,500

 
9,350

 
—

 
—

Total earnings available for fixed charges
 
$
(665,517
)
 
$
(2,386,342
)
 
$
542,168

 
$
45,869

 
$
27,733

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest and other financing costs (a)
 
$
154,509

 
$
208,933

 
$
128,305

 
$
87,195

 
$
66,729

Estimated interest within rental expense
 
2,152

 
4,173

 
1,970

 
1,571

 
1,261

Total fixed charges
 
$
156,661

 
$
213,106

 
$
130,275

 
$
88,766

 
$
67,990

 
 
 
 
 
 
 
 
 
 
 
Preferred Unit Distributions
 
5,500

 
16,500

 
9,350

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
Total Fixed Charges and Preferred Unit Distributions
 
$
162,161

 
$
229,606

 
$
139,625

 
$
88,766

 
$
67,990

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
—

 
—

 
4.2
x
 
—

 
—

Insufficient Coverage
 
$
(822,178
)
 
$
(2,599,448
)
 
$
—

 
$
(42,897
)
 
$
(40,257
)
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges and Preferred Unit Distribution
 
—

 
—

 
3.9
x
 
—

 
—

Insufficient Coverage
 
$
(827,678
)
 
$
(2,615,948
)
 
$
—

 
$
(42,897
)
 
$
(40,257
)
 
 
 
 
 
 
 
 
 
 
 
(a) Includes capitalized interest and settlements paid on interest rate swaps.



Stock widget

Investing forum

Breitburn Energy Partners LP Reports