Attached files
file | filename |
---|---|
EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-2015630_exhibit32.htm |
EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-2015630_exhibit311.htm |
EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-2015630_exhibit312.htm |
10-Q - 10-Q - PHILLIPS 66 PARTNERS LP | mlp-2015630_10q.htm |
Exhibit 12
PHILLIPS 66 PARTNERS LP
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | |||||||||||||||
Six Months Ended | |||||||||||||||
June 30 | Years Ended December 31 | ||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Earnings Available for Fixed Charges | |||||||||||||||
Income before income tax | $ | 77.5 | 125.2 | 97.2 | 59.4 | 63.5 | |||||||||
Undistributed equity earnings | (3.6 | ) | — | — | — | — | |||||||||
Fixed charges, excluding capitalized interest | 15.7 | 5.3 | 0.3 | — | — | ||||||||||
$ | 89.6 | 130.5 | 97.5 | 59.4 | 63.5 | ||||||||||
Fixed Charges | |||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 15.4 | 5.3 | 0.3 | — | — | |||||||||
Capitalized interest | 1.6 | — | — | — | — | ||||||||||
Interest portion of rental expense | 0.3 | — | — | — | — | ||||||||||
$ | 17.3 | 5.3 | 0.3 | — | — | ||||||||||
Ratio of Earnings to Fixed Charges | 5.2 | 24.6 | 325.0 | N/A | N/A |