Attached files
file | filename |
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EX-32 - EX-32 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex32.htm |
EX-31.2 - EX-31.2 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex312.htm |
EX-31.1 - EX-31.1 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex311.htm |
EX-23.3 - EX-23.3 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex233.htm |
EX-23.2 - EX-23.2 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex232.htm |
EX-23.1 - EX-23.1 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex231.htm |
EX-21 - EX-21 - WILLIAMS PARTNERS L.P. | wpz_20171231x10kxex21.htm |
10-K - 10-K - WILLIAMS PARTNERS L.P. | wpz_20171231x10k.htm |
Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
(Millions) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before income taxes | $ | 981 | $ | 439 | $ | (1,357 | ) | $ | 1,313 | $ | 1,149 | |||||||||
Less: Equity earnings | (434 | ) | (397 | ) | (335 | ) | (228 | ) | (104 | ) | ||||||||||
Income (loss) before income taxes and equity earnings | 547 | 42 | (1,692 | ) | 1,085 | 1,045 | ||||||||||||||
Add: | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest incurred | 855 | 949 | 864 | 683 | 477 | |||||||||||||||
Rental expense representative of interest factor | 10 | 10 | 9 | 9 | 10 | |||||||||||||||
Total fixed charges | 865 | 959 | 873 | 692 | 487 | |||||||||||||||
Distributed income of equity-method investees | 780 | 739 | 617 | 344 | 152 | |||||||||||||||
Less: | ||||||||||||||||||||
Interest capitalized | (33 | ) | (33 | ) | (53 | ) | (121 | ) | (90 | ) | ||||||||||
Total earnings as adjusted | $ | 2,159 | $ | 1,707 | $ | (255 | ) | $ | 2,000 | $ | 1,594 | |||||||||
Fixed charges | $ | 865 | $ | 959 | $ | 873 | $ | 692 | $ | 487 | ||||||||||
Ratio of earnings to fixed charges | 2.50 | 1.78 | * | 2.89 | 3.27 |
_________
* Earnings were inadequate to cover fixed charges by $1,128 million for 2015.