Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - Magellan Midstream Partners, L.P. | exhibit21201410-k.htm |
| EX-23 - EXHIBIT 23 - Magellan Midstream Partners, L.P. | exhibit23201410-k.htm |
| EX-31.B - EXHIBIT 31.B - Magellan Midstream Partners, L.P. | exhibit31b201410-k.htm |
| EX-31.A - EXHIBIT 31.A - Magellan Midstream Partners, L.P. | exhibit31a201410-k.htm |
| EX-10.C - EXHIBIT 10.C - Magellan Midstream Partners, L.P. | exhibit10c201410-k.htm |
| EX-32.A - EXHIBIT 32.A - Magellan Midstream Partners, L.P. | exhibit32a201410-k.htm |
| EX-10.H - EXHIBIT 10.H - Magellan Midstream Partners, L.P. | exhibit10h201410-k.htm |
| EX-10.B - EXHIBIT 10.B - Magellan Midstream Partners, L.P. | exhibit10b201410-k.htm |
| EX-32.B - EXHIBIT 32.B - Magellan Midstream Partners, L.P. | exhibit32b201410-k.htm |
| EX-10.I - EXHIBIT 10.I - Magellan Midstream Partners, L.P. | exhibit10i201410-k.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Magellan Midstream Partners, L.P. | Financial_Report.xls |
| 10-K - 10-K - Magellan Midstream Partners, L.P. | mmp12311410-k.htm |
Exhibit 12
MAGELLAN MIDSTREAM PARTNERS, L.P.
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)
Year Ended December 31, | |||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||
EARNINGS: | |||||||||||||||||||
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle* | $ | 307,219 | $ | 408,669 | $ | 435,331 | $ | 580,575 | $ | 824,745 | |||||||||
Add: Fixed charges | 97,991 | 110,946 | 120,321 | 133,511 | 146,835 | ||||||||||||||
Amortization of interest capitalized | 729 | 739 | 755 | 816 | 900 | ||||||||||||||
Distributed income of equity investees | 4,853 | 5,598 | 7,793 | 3,274 | 3,086 | ||||||||||||||
Less: Interest capitalized | (2,943 | ) | (3,174 | ) | (6,195 | ) | (14,339 | ) | (22,803 | ) | |||||||||
Total earnings | $ | 407,849 | $ | 522,778 | $ | 558,005 | $ | 703,837 | $ | 952,763 | |||||||||
FIXED CHARGES: | |||||||||||||||||||
Interest expense | $ | 96,379 | $ | 108,869 | $ | 117,981 | $ | 130,463 | $ | 143,529 | |||||||||
Debt amortization expense | 1,401 | 1,831 | 2,087 | 2,424 | 2,333 | ||||||||||||||
Rent expense representative of interest factor | 211 | 246 | 253 | 624 | 973 | ||||||||||||||
Total fixed charges | $ | 97,991 | $ | 110,946 | $ | 120,321 | $ | 133,511 | $ | 146,835 | |||||||||
Ratio of earnings to fixed charges | 4.2 | 4.7 | 4.6 | 5.3 | 6.5 | ||||||||||||||
* Excludes income from equity investments.