Exhibit 12.1
ONEOK, Inc.
Computation of Ratio of Earnings to Fixed Charges
| Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||||
(Unaudited) | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
| (Thousands of dollars) | ||||||||||||||||||||||||
Fixed Charges, as defined | ||||||||||||||||||||||||
Interest on long-term debt | $ | 186,599 | $ | 374,520 | $ | 326,206 | $ | 305,523 | $ | 287,910 | $ | 292,768 | ||||||||||||
Other interest | 1,210 | 10,397 | 12,045 | 8,374 | 4,594 | 20,411 | ||||||||||||||||||
Amortization of debt discount, premium and expense | 3,337 | 7,064 | 5,830 | 7,070 | 4,623 | 4,597 | ||||||||||||||||||
Interest on lease agreements | 747 | 1,494 | 539 | 1,515 | 19,289 | 20,221 | ||||||||||||||||||
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Total Fixed Charges | 191,893 | 393,475 | 344,620 | 322,482 | 316,416 | 337,997 | ||||||||||||||||||
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Earnings before income taxes and undistributed income of equity method investees | 392,979 | 709,825 | 823,710 | 793,594 | 430,667 | 455,609 | ||||||||||||||||||
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Earnings available for fixed charges | $ | 584,872 | $ | 1,103,300 | $ | 1,168,330 | $ | 1,116,076 | $ | 747,083 | $ | 793,606 | ||||||||||||
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Ratio of earnings to fixed charges | 3.05x | 2.80x | 3.39x | 3.46x | 2.36x | 2.35x | ||||||||||||||||||
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