Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Magellan Midstream Partners, L.P. | mmp-201593010q.htm |
| EX-10.1 - EXHIBIT 10.1 - Magellan Midstream Partners, L.P. | exhibit101.htm |
| EX-31.1 - EXHIBIT 31.1 - Magellan Midstream Partners, L.P. | ex-311x3q15.htm |
| EX-31.2 - EXHIBIT 31.2 - Magellan Midstream Partners, L.P. | ex-312x3q15.htm |
| EX-32.1 - EXHIBIT 32.1 - Magellan Midstream Partners, L.P. | ex-321x3q15.htm |
| EX-32.2 - EXHIBIT 32.2 - Magellan Midstream Partners, L.P. | ex-322x3q15.htm |
Exhibit 12
MAGELLAN MIDSTREAM PARTNERS, L.P.
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)
Year Ended December 31, | Year-to-Date Period Ending September 30, 2015 | ||||||||||||||||||||||
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 | $ | 564,166 | |||||||||||
Add: Fixed charges | 97,991 | 110,946 | 120,321 | 133,511 | 146,835 | 118,866 | |||||||||||||||||
Amortization of interest capitalized | 729 | 739 | 755 | 816 | 900 | 739 | |||||||||||||||||
Distributed income of equity investees | 4,853 | 5,598 | 7,793 | 3,274 | 3,086 | 47,236 | |||||||||||||||||
Less: Interest capitalized | (2,943 | ) | (3,174 | ) | (6,195 | ) | (14,339 | ) | (22,803 | ) | (9,037 | ) | |||||||||||
Total earnings | $ | 407,849 | $ | 522,778 | $ | 558,005 | $ | 703,837 | $ | 952,763 | $ | 721,970 | |||||||||||
FIXED CHARGES: | |||||||||||||||||||||||
Interest expense | $ | 96,379 | $ | 108,869 | $ | 117,981 | $ | 130,463 | $ | 143,529 | $ | 116,142 | |||||||||||
Debt amortization expense | 1,401 | 1,831 | 2,087 | 2,424 | 2,333 | 1,867 | |||||||||||||||||
Rent expense representative of interest factor | 211 | 246 | 253 | 624 | 973 | 857 | |||||||||||||||||
Total fixed charges | $ | 97,991 | $ | 110,946 | $ | 120,321 | $ | 133,511 | $ | 146,835 | $ | 118,866 | |||||||||||
Ratio of earnings to fixed charges | 4.2 | 4.7 | 4.6 | 5.3 | 6.5 | 6.1 | |||||||||||||||||
* Excludes income from equity investments.