Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Crestwood Equity Partners LP | d8k.htm |
| EX-99.1 - PRESS RELEASE - Crestwood Equity Partners LP | dex991.htm |
| EX-99.2 - PRESS RELEASE - Crestwood Equity Partners LP | dex992.htm |
Exhibit 12.1
Inergy, L.P. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions)
| Year
Ended September 30, |
||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Earnings: |
||||||||||||||||||||
| Net income |
$ | 46.4 | $ | 108.1 | $ | 63.1 | $ | 138.6 | $ | 6.4 | ||||||||||
| Income taxes |
0.2 | 1.7 | 1.4 | 6.5 | 0.6 | |||||||||||||||
| Interest expense |
91.5 | 70.5 | 62.6 | 54.4 | 55.8 | |||||||||||||||
| Interest portion of operating leases |
5.1 | 4.0 | 3.6 | 3.3 | 3.3 | |||||||||||||||
| Earnings for ratio calculation |
$ | 143.2 | $ | 184.3 | $ | 130.7 | $ | 202.8 | $ | 66.1 | ||||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest expense |
$ | 91.5 | $ | 70.5 | $ | 62.6 | $ | 54.4 | $ | 55.8 | ||||||||||
| Interest portion of operating leases |
5.1 | 4.0 | 3.6 | 3.3 | 3.3 | |||||||||||||||
| Total fixed charges |
$ | 96.6 | $ | 74.5 | $ | 66.2 | $ | 57.7 | $ | 59.1 | ||||||||||
| Ratio of earnings to fixed charges |
1.48 | 2.47 | 1.97 | 3.52 | 1.12 | |||||||||||||||
For purposes of determining the ratio of earnings to fixed charges, earnings are defined as earnings from continuing operations before income taxes, plus fixed charges. Fixed charges consist of net interest expense on all indebtedness and the amortization of deferred financing costs and interest associated with operating leases.