Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Magellan Midstream Partners, L.P. | ex-322x1q17.htm |
| EX-32.1 - EXHIBIT 32.1 - Magellan Midstream Partners, L.P. | ex-321x1q17.htm |
| EX-31.2 - EXHIBIT 31.2 - Magellan Midstream Partners, L.P. | ex-312x1q17.htm |
| EX-31.1 - EXHIBIT 31.1 - Magellan Midstream Partners, L.P. | ex-311x1q17.htm |
| 10-Q - 10-Q - Magellan Midstream Partners, L.P. | mmp-201733110q.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 March 31, 2017 | ||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||||||
EARNINGS: | |||||||||||||||||||||||
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle* | $ | 435,331 | $ | 580,575 | $ | 824,745 | $ | 754,975 | $ | 727,293 | $ | 202,134 | |||||||||||
Add: Fixed charges | 120,321 | 133,511 | 146,835 | 160,044 | 195,581 | 51,608 | |||||||||||||||||
Amortization of interest capitalized | 755 | 816 | 900 | 993 | 1,862 | 544 | |||||||||||||||||
Distributed income of equity investees | 7,793 | 3,274 | 3,086 | 66,285 | 78,723 | 20,050 | |||||||||||||||||
Less: Interest capitalized | (6,195 | ) | (14,339 | ) | (22,803 | ) | (14,442 | ) | (27,375 | ) | (4,197 | ) | |||||||||||
Total earnings | $ | 558,005 | $ | 703,837 | $ | 952,763 | $ | 967,855 | $ | 976,084 | $ | 270,139 | |||||||||||
FIXED CHARGES: | |||||||||||||||||||||||
Interest expense | $ | 120,068 | $ | 132,887 | $ | 145,862 | $ | 158,895 | $ | 194,187 | $ | 51,212 | |||||||||||
Rent expense representative of interest factor | 253 | 624 | 973 | 1,149 | 1,394 | 396 | |||||||||||||||||
Total fixed charges | $ | 120,321 | $ | 133,511 | $ | 146,835 | $ | 160,044 | $ | 195,581 | $ | 51,608 | |||||||||||
Ratio of earnings to fixed charges | 4.6 | 5.3 | 6.5 | 6.0 | 5.0 | 5.2 | |||||||||||||||||
* Excludes income from equity investments.