Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - MPLX LP | d527364dex51.htm |
| EX-4.5 - EX-4.5 - MPLX LP | d527364dex45.htm |
| EX-4.4 - EX-4.4 - MPLX LP | d527364dex44.htm |
| EX-4.3 - EX-4.3 - MPLX LP | d527364dex43.htm |
| EX-4.2 - EX-4.2 - MPLX LP | d527364dex42.htm |
| EX-4.1 - EX-4.1 - MPLX LP | d527364dex41.htm |
| EX-1.1 - EX-1.1 - MPLX LP | d527364dex11.htm |
| 8-K - 8-K - MPLX LP | d527364d8k.htm |
Exhibit 12.1
MPLX LP
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
(In millions)
| For the Nine September 30, |
For the Years Ended December 31, | |||||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
| Portion of rentals representing interest(1) |
$ | 13 | $ | 16 | $ | 7 | $ | 6 | $ | 6 | $ | 5 | ||||||||||||
| Capitalized interest |
24 | 28 | 5 | 1 | 1 | 1 | ||||||||||||||||||
| Other interest and fixed charges(2) |
252 | 254 | 40 | 4 | — | — | ||||||||||||||||||
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| Total fixed charges (A) |
$ | 289 | $ | 298 | $ | 52 | $ | 11 | $ | 7 | $ | 6 | ||||||||||||
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| Preferred dividend requirements |
$ | 49 | $ | 41 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Ratio of income (loss) before provision for taxes to net income (loss) |
1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | ||||||||||||||||||
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| Total preferred dividends |
$ | 49 | $ | 41 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Combined fixed charges and preferred dividends (B) |
$ | 338 | $ | 339 | $ | 52 | $ | 11 | $ | 7 | $ | 6 | ||||||||||||
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| Earnings-pretax income with applicable adjustments (C) |
$ | 973 | $ | 917 | $ | 394 | $ | 252 | $ | 220 | $ | 211 | ||||||||||||
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| Ratio of (C) to (A) |
3.4 | 3.1 | 7.6 | 22.9 | 31.4 | 35.2 | ||||||||||||||||||
| Ratio of (C) to (B) |
2.9 | 2.7 | 7.6 | 22.9 | 31.4 | 35.2 | ||||||||||||||||||
| (1) | Primarily related to interest incurred on operating leases. |
| (2) | Includes amortization of discounts on senior notes |