Attached files
Exhibit 12.1
Regency Energy Partners LP
Ratio of Earnings to Fixed Charges
(in thousands, except for ratio amounts)
(Unaudited)
| Successor | Predecessor | ||||||||||||||||||||
| Period from
Acquisition (May 26, 2010) to June 30, 2010 |
Period from April 1, 2010 to May 25, 2010 |
Three Months Ended June 30, 2009 |
Period from January 1, 2010 to May 25, 2010 |
Six Months Ended June 30, 2009 |
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| Earnings: |
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| Pre-tax income (loss) from continuing operations |
$ | (4,650 | ) | $ | (4,413 | ) | $ | 5,440 | (4,542 | ) | 153,963 | ||||||||||
| Add: |
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| Interest expense |
8,109 | 14,114 | 19,568 | 36,459 | 33,795 | ||||||||||||||||
| Portion of rent under long-term operating leases representative of an interest factor |
65 | 125 | 299 | 323 | 654 | ||||||||||||||||
| Amortization of capitalized interest |
39 | 79 | 103 | 193 | 195 | ||||||||||||||||
| (Less) add: |
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| Non-cash income from unconsolidated subsidiaries |
(8,121 | ) | 961 | 313 | (3,426 | ) | (23 | ) | |||||||||||||
| Total earnings available for fixed charges |
$ | (4,558 | ) | $ | 10,866 | $ | 25,723 | $ | 29,007 | $ | 188,584 | ||||||||||
| Fixed Charges: |
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| Interest expense |
8,109 | 14,114 | 19,568 | 36,459 | 33,795 | ||||||||||||||||
| Portion of rent under long-term operating leases representative of an interest factor |
65 | 125 | 299 | 323 | 654 | ||||||||||||||||
| Capitalized interest |
377 | 479 | 261 | 880 | 1,136 | ||||||||||||||||
| Total fixed charges |
$ | 8,551 | $ | 14,718 | $ | 20,128 | $ | 37,662 | $ | 35,585 | |||||||||||
| Ratio of earnings to fixed charges (x times) (1) |
— | — | 1.28 | — | 5.3 | ||||||||||||||||
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| (1) Earnings were insufficient to cover fixed charges by: |
$ | 13,109 | $ | 3,852 | $ | — | $ | 8,656 | $ | — | |||||||||||