Williams Partners L.P. - FORM 10-K - EX-12 - February 25, 2010

Attached files

file filename
10-K - FORM 10-K - Williams Partners L.P.c55969e10vk.htm
EX-32 - EX-32 - Williams Partners L.P.c55969exv32.htm
EX-21 - EX-21 - Williams Partners L.P.c55969exv21.htm
EX-24 - EX-24 - Williams Partners L.P.c55969exv24.htm
EX-3.3 - EX-3.3 - Williams Partners L.P.c55969exv3w3.htm
EX-31.1 - EX-31.1 - Williams Partners L.P.c55969exv31w1.htm
EX-23.2 - EX-23.2 - Williams Partners L.P.c55969exv23w2.htm
EX-23.1 - EX-23.1 - Williams Partners L.P.c55969exv23w1.htm
EX-31.2 - EX-31.2 - Williams Partners L.P.c55969exv31w2.htm
Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
                                         
    Years Ended December 31,  
    2005     2006     2007     2008     2009  
    (Dollars in thousands)  
Earnings:
                                        
Income
   $ 163,778     $ 214,575     $ 164,631     $ 191,389     $ 152,467  
Less:
                                        
Equity earnings — Wamsutter
     40,555       61,690       76,212       88,538       84,052  
Equity earnings — Discovery Producer Services
     11,880       18,050       28,842       20,641       23,023  
 
                              
Income before equity earnings
     111,343       134,835       59,577       82,210       45,392  
Add:
                                        
Fixed charges:
                                        
Interest accrued
     8,238       9,833       58,348       67,220       60,679  
Rental expense representative of interest factor
     2,457       2,522       2,756       2,684       2,379  
 
                              
Total fixed charges
     10,695       12,355       61,104       69,904       63,058  
Distributed income of equity-method investees
     1,280       16,400       26,469       155,539       122,365  
 
                              
Total earnings as adjusted
   $ 123,318     $ 163,590     $ 147,150     $ 307,653     $ 230,815  
 
                              
Fixed charges
     10,695       12,355       61,104       69,904       63,058  
 
                              
Ratio of earnings to fixed charges
     11.53       13.24       2.41       4.40       3.66  
 
                              

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