Attached files
| file | filename |
|---|---|
| EX-10.5 - EXHIBIT 10.5 - BUCKEYE PARTNERS, L.P. | exhibit105-bpl201610xk.htm |
| EX-32.2 - EXHIBIT 32.2 - BUCKEYE PARTNERS, L.P. | exhibit322-bpl201610xk.htm |
| EX-32.1 - EXHIBIT 32.1 - BUCKEYE PARTNERS, L.P. | exhibit321-bpl201610xk.htm |
| EX-31.2 - EXHIBIT 31.2 - BUCKEYE PARTNERS, L.P. | exhibit312-bpl201610xk.htm |
| EX-31.1 - EXHIBIT 31.1 - BUCKEYE PARTNERS, L.P. | exhibit311-bpl201610xk.htm |
| EX-23.1 - EXHIBIT 23.1 - BUCKEYE PARTNERS, L.P. | exhibit231-bpl201610xk.htm |
| EX-21.1 - EXHIBIT 21.1 - BUCKEYE PARTNERS, L.P. | exhibit211-bpl201610xk.htm |
| EX-10.17 - EXHIBIT 10.17 - BUCKEYE PARTNERS, L.P. | exhibit1017-bpl201610xk.htm |
| EX-10.16 - EXHIBIT 10.16 - BUCKEYE PARTNERS, L.P. | exhibit1016-bpl201610xk.htm |
| EX-10.15 - EXHIBIT 10.15 - BUCKEYE PARTNERS, L.P. | exhibit1015-bpl201610xk.htm |
| EX-10.14 - EXHIBIT 10.14 - BUCKEYE PARTNERS, L.P. | exhibit1014-bpl201610xk.htm |
| 10-K - 10-K - BUCKEYE PARTNERS, L.P. | bpl1231201610k.htm |
Exhibit 12.1
Buckeye Partners, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before taxes (1) | $ | 537,068 | $ | 438,954 | $ | 333,046 | $ | 348,507 | $ | 231,070 | |||||||||
Equity income (greater than) less than distributions | (5,731 | ) | (1,273 | ) | (10,795 | ) | (3,931 | ) | (2,775 | ) | |||||||||
Less: Capitalized interest (2) | (3,354 | ) | (20,398 | ) | (9,364 | ) | (6,501 | ) | (8,796 | ) | |||||||||
Total earnings | $ | 527,983 | $ | 417,283 | $ | 312,887 | $ | 338,075 | $ | 219,499 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest and debt expense | $ | 194,922 | $ | 171,330 | $ | 171,235 | $ | 130,920 | $ | 114,980 | |||||||||
Capitalized interest | 4,371 | 21,257 | 9,903 | 7,007 | 9,238 | ||||||||||||||
Portion of rentals representing an interest factor | 10,916 | 10,328 | 8,883 | 8,217 | 8,894 | ||||||||||||||
Total fixed charges | $ | 210,209 | $ | 202,915 | $ | 190,021 | $ | 146,144 | $ | 133,112 | |||||||||
Earnings available for fixed charges | $ | 738,192 | $ | 620,198 | $ | 502,908 | $ | 484,219 | $ | 352,611 | |||||||||
Ratio of earnings to fixed charges | 3.51 | 3.06 | 2.65 | 3.31 | 2.65 | ||||||||||||||
_________________________
(1) | Excludes income attributable to noncontrolling interests. |
(2) | Excludes amortization of capitalized interest of $1.0 million, $0.9 million, $0.5 million, $0.5 million and $0.4 million for the years ended December 31, 2016, 2015, 2014, 2013 and 2012, respectively. |