Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - KINDER MORGAN, INC. | kmi-06302018ex322.htm |
EX-32.1 - EXHIBIT 32.1 - KINDER MORGAN, INC. | kmi-06302018ex321.htm |
EX-31.2 - EXHIBIT 31.2 - KINDER MORGAN, INC. | kmi-06302018ex312.htm |
EX-31.1 - EXHIBIT 31.1 - KINDER MORGAN, INC. | kmi-06302018ex311.htm |
EX-10.3 - EXHIBIT 10.3 - KINDER MORGAN, INC. | kmi-06302018ex103.htm |
EX-10.2 - EXHIBIT 10.2 - KINDER MORGAN, INC. | kmi-06302018ex102.htm |
EX-10.1 - EXHIBIT 10.1 - KINDER MORGAN, INC. | kmi-06302018ex101.htm |
10-Q - 10-Q - KINDER MORGAN, INC. | kmi-06302018x10q.htm |
Exhibit 12.1
KINDER MORGAN, INC. AND SUBSIDIARIES
EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions except ratio amounts)
Six Months Ended June 30, | |||||||
2018 | 2017 | ||||||
Earnings: | |||||||
Pre-tax income before adjustment for net income attributable to noncontrolling interests and earnings from equity investments (including amortization of excess cost of equity investments) per statements of income | $ | 38 | $ | 1,010 | |||
Add: | |||||||
Fixed charges | 1,062 | 982 | |||||
Amortization of capitalized interest | 7 | 6 | |||||
Distributed income of equity investees | 237 | 208 | |||||
Less: | |||||||
Interest capitalized from continuing operations | (38 | ) | (26 | ) | |||
Preference security dividend requirements of consolidated subsidiaries | (14 | ) | — | ||||
Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges | (7 | ) | (9 | ) | |||
Income as adjusted | $ | 1,285 | $ | 2,171 | |||
Fixed charges: | |||||||
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs); also includes capitalized interest | $ | 1,024 | $ | 958 | |||
Add: | |||||||
Portion of rents representative of the interest factor | 24 | 24 | |||||
Preference security dividend requirements of consolidated subsidiaries | 14 | — | |||||
Fixed charges | $ | 1,062 | $ | 982 | |||
Ratio of earnings to fixed charges | 1.21 | 2.21 |