Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex32.htm |
| EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex311.htm |
| EX-23.2 - EXHIBIT 23.2 - PHILLIPS 66 PARTNERS LP | mlp-2016123110xk_ex232.htm |
| EX-23.1 - EXHIBIT 23.1 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex231.htm |
| EX-21 - EXHIBIT 21 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex21.htm |
| EX-10.19 - EXHIBIT 10.19 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex1019.htm |
| 10-K - 10-K - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xk.htm |
Exhibit 12
PHILLIPS 66 PARTNERS LP
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | |||||||||||||||
Year Ended December 31 | |||||||||||||||
2016 | 2015* | 2014* | 2013* | 2011* | |||||||||||
Earnings Available for Fixed Charges | |||||||||||||||
Income before income tax | $ | 410 | 306 | 246 | 176 | 123 | |||||||||
Undistributed equity earnings | 1 | — | — | — | — | ||||||||||
Fixed charges, excluding capitalized interest | 53 | 35 | 5 | — | — | ||||||||||
Amortization of capitalized interest | 2 | — | — | — | — | ||||||||||
$ | 466 | 341 | 251 | 176 | 123 | ||||||||||
Fixed Charges | |||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 52 | 34 | 5 | — | — | |||||||||
Capitalized interest | 5 | 32 | 7 | — | — | ||||||||||
Interest portion of rental expense | 1 | 1 | — | — | — | ||||||||||
$ | 58 | 67 | 12 | — | — | ||||||||||
Ratio of Earnings to Fixed Charges | 8.0 | 5.1 | 20.9 | N/A | N/A | ||||||||||
*Prior-period financial information has been retrospectively adjusted for acquisitions of businesses under common control.