Attached files
| file | filename |
|---|---|
| EX-32.B - EXHIBIT 32.B - Magellan Midstream Partners, L.P. | exhibit32b201710-k.htm |
| EX-32.A - EXHIBIT 32.A - Magellan Midstream Partners, L.P. | exhibit32a201710-k.htm |
| EX-31.B - EXHIBIT 31.B - Magellan Midstream Partners, L.P. | exhibit31b201710-k.htm |
| EX-31.A - EXHIBIT 31.A - Magellan Midstream Partners, L.P. | exhibit31a201710-k.htm |
| EX-23 - EXHIBIT 23 - Magellan Midstream Partners, L.P. | exhibit23201710-k.htm |
| EX-21 - EXHIBIT 21 - Magellan Midstream Partners, L.P. | exhibit21201710-k.htm |
| EX-10.H - EXHIBIT 10.H - Magellan Midstream Partners, L.P. | exhibit10h201710-k.htm |
| EX-10.G - EXHIBIT 10.G - Magellan Midstream Partners, L.P. | exhibit10g201710-k.htm |
| EX-10.C - EXHIBIT 10.C - Magellan Midstream Partners, L.P. | exhibit10c201710-k.htm |
| EX-10.B - EXHIBIT 10.B - Magellan Midstream Partners, L.P. | exhibit10b201710-k.htm |
| 10-K - 10-K - Magellan Midstream Partners, L.P. | mmp12311710-k.htm |
Exhibit 12
MAGELLAN MIDSTREAM PARTNERS, L.P.
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)
Year Ended December 31, | |||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||
EARNINGS: | |||||||||||||||||||
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle* | $ | 580,575 | $ | 824,745 | $ | 754,975 | $ | 727,293 | $ | 752,367 | |||||||||
Add: Fixed charges | 133,511 | 146,835 | 160,044 | 195,581 | 212,280 | ||||||||||||||
Amortization of interest capitalized | 816 | 900 | 993 | 1,862 | 2,353 | ||||||||||||||
Distributed income of equity investees | 3,274 | 3,086 | 66,285 | 78,723 | 123,660 | ||||||||||||||
Less: Interest capitalized | (14,339 | ) | (22,803 | ) | (14,442 | ) | (27,375 | ) | (15,565 | ) | |||||||||
Total earnings | $ | 703,837 | $ | 952,763 | $ | 967,855 | $ | 976,084 | $ | 1,075,095 | |||||||||
FIXED CHARGES: | |||||||||||||||||||
Interest expense | $ | 132,887 | $ | 145,862 | $ | 158,895 | $ | 194,187 | $ | 210,698 | |||||||||
Rent expense representative of interest factor | 624 | 973 | 1,149 | 1,394 | 1,582 | ||||||||||||||
Total fixed charges | $ | 133,511 | $ | 146,835 | $ | 160,044 | $ | 195,581 | $ | 212,280 | |||||||||
Ratio of earnings to fixed charges | 5.3 | 6.5 | 6.0 | 5.0 | 5.1 | ||||||||||||||
* Excludes income from equity investments.