Attached files
| file | filename |
|---|---|
| EX-23.2 - EXHIBIT 23.2 - PHILLIPS 66 PARTNERS LP | mlp-2015123110xk_ex232.htm |
| EX-99 - EXHIBIT 99 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxex99.htm |
| EX-10.37 - EXHIBIT 10.37 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxex1037.htm |
| EX-10.38 - EXHIBIT 10.38 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxex1038.htm |
| EX-23.1 - EXHIBIT 23.1 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit23.htm |
| EX-21 - EXHIBIT 21 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit21.htm |
| EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit32.htm |
| EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit311.htm |
| EX-10.7 - EXHIBIT 10.7 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit107.htm |
| EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xkxexhibit312.htm |
| 10-K - 10-K - PHILLIPS 66 PARTNERS LP | mlp-20151231_10xk.htm |
Exhibit 12
PHILLIPS 66 PARTNERS LP
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | |||||||||||||||
Year Ended December 31 | |||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Earnings Available for Fixed Charges | |||||||||||||||
Income before income tax | $ | 194.5 | 125.2 | 97.2 | 59.4 | 63.5 | |||||||||
Undistributed equity earnings | (0.1 | ) | — | — | — | — | |||||||||
Fixed charges, excluding capitalized interest | 34.5 | 5.3 | 0.3 | — | — | ||||||||||
$ | 228.9 | 130.5 | 97.5 | 59.4 | 63.5 | ||||||||||
Fixed Charges | |||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 33.9 | 5.3 | 0.3 | — | — | |||||||||
Capitalized interest | 4.2 | — | — | — | — | ||||||||||
Interest portion of rental expense | 0.6 | — | — | — | — | ||||||||||
$ | 38.7 | 5.3 | 0.3 | — | — | ||||||||||
Ratio of Earnings to Fixed Charges | 5.9 | 24.6 | 325.0 | N/A | N/A | ||||||||||