Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - MPLX LP | mplx-20171231xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MPLX LP | mplx-20171231xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MPLX LP | mplx-20171231xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - MPLX LP | mplx-20171231xex311.htm |
| EX-24.1 - EXHIBIT 24.1 - MPLX LP | mplx-20171231xex241.htm |
| EX-23.1 - EXHIBIT 23.1 - MPLX LP | mplx-20171231xex231.htm |
| EX-21.1 - EXHIBIT 21.1 - MPLX LP | mplx-20171231xex211.htm |
| 10-K - 10-K - MPLX LP | mplx-20171231x10k.htm |
Exhibit 12.1
MPLX LP
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
(In millions)
For the Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Portion of rentals representing interest(1) | $ | 18 | $ | 16 | $ | 7 | $ | 6 | $ | 6 | |||||||||
Capitalized interest | 32 | 28 | 5 | 1 | 1 | ||||||||||||||
Other interest and fixed charges(2) | 343 | 254 | 40 | 4 | — | ||||||||||||||
Total fixed charges (A) | $ | 393 | $ | 298 | $ | 52 | $ | 11 | $ | 7 | |||||||||
Preferred dividend requirements | $ | 65 | $ | 41 | $ | — | $ | — | $ | — | |||||||||
Ratio of income (loss) before provision for taxes to net income (loss) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | ||||||||||||||
Total preferred dividends | $ | 65 | $ | 41 | $ | — | $ | — | $ | — | |||||||||
Combined fixed charges and preferred dividends (B) | $ | 458 | $ | 339 | $ | 52 | $ | 11 | $ | 7 | |||||||||
Earnings-pretax income with applicable adjustments (C) | $ | 1,365 | $ | 916 | $ | 394 | $ | 252 | $ | 220 | |||||||||
Ratio of (C) to (A) | 3.5 | 3.1 | 7.6 | 22.9 | 31.4 | ||||||||||||||
Ratio of (C) to (B) | 3.0 | 2.7 | 7.6 | 22.9 | 31.4 | ||||||||||||||
(1) Primarily related to interest incurred on operating leases.
(2) Includes amortization of discounts on senior notes