Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Western Midstream Operating, LP | h70049e10vk.htm |
| EX-21.1 - EX-21.1 - Western Midstream Operating, LP | h70049exv21w1.htm |
| EX-32.1 - EX-32.1 - Western Midstream Operating, LP | h70049exv32w1.htm |
| EX-31.2 - EX-31.2 - Western Midstream Operating, LP | h70049exv31w2.htm |
| EX-23.1 - EX-23.1 - Western Midstream Operating, LP | h70049exv23w1.htm |
| EX-31.1 - EX-31.1 - Western Midstream Operating, LP | h70049exv31w1.htm |
Exhibit 12.1
WESTERN
GAS PARTNERS, LP
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||
|
Income before income taxes
|
$ | 87,617 | $ | 95,554 | $ | 55,894 | $ | 18,028 | $ | 11,899 | ||||||||||
|
Add: Fixed charges
|
10,017 | 1,859 | 8,197 | 10,402 | 9,795 | |||||||||||||||
|
Distributions from equity investee
|
5,487 | 5,128 | 1,349 | 741 | — | |||||||||||||||
|
Amortization of capitalized interest
|
248 | 6 | — | — | — | |||||||||||||||
|
Less: Equity income
|
6,982 | 4,736 | 4,017 | 1,360 | — | |||||||||||||||
|
Earnings
|
$ | 96,387 | $ | 97,811 | $ | 61,423 | $ | 27,811 | $ | 21,694 | ||||||||||
|
Fixed charges:
|
||||||||||||||||||||
|
Interest expense
|
$ | 9,955 | $ | 1,512 | $ | 7,805 | $ | 9,574 | $ | 8,650 | ||||||||||
|
Interest component of lease expense
|
62 | 347 | 392 | 828 | 1,145 | |||||||||||||||
|
Fixed charges
|
$ | 10,017 | $ | 1,859 | $ | 8,197 | $ | 10,402 | $ | 9,795 | ||||||||||
|
Ratio of earnings to fixed charges
|
9.6 | x | 52.6 | x | 7.5 | x | 2.7 | x | 2.2 | x | ||||||||||