Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - VALERO ENERGY PARTNERS LP | d521667dex51.htm |
| EX-4.2 - EX-4.2 - VALERO ENERGY PARTNERS LP | d521667dex42.htm |
| EX-1.1 - EX-1.1 - VALERO ENERGY PARTNERS LP | d521667dex11.htm |
| 8-K - FORM 8-K - VALERO ENERGY PARTNERS LP | d521667d8k.htm |
Exhibit 12.1
VALERO ENERGY PARTNERS LP
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands)
| Pro Forma | ||||
| Fiscal Year Ended December 31, 2017 |
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| Earnings: |
||||
| Income before income tax expense |
$ | 219,510 | ||
| Add: |
||||
| Fixed charges |
60,792 | |||
| Amortization of capitalized interest |
15 | |||
| Less: |
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| Capitalized interest |
(619 | ) | ||
|
|
|
|||
| Total earnings |
279,698 | |||
|
|
|
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| Fixed charges: |
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| Interest and debt expense, net of capitalized interest |
$ | 56,273 | ||
| Capitalized interest |
619 | |||
| Rental expense interest factor (a) |
3,900 | |||
|
|
|
|||
| Total fixed charges |
$ | 60,792 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
4.6 | |||
|
|
|
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| (a) | The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense. |
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