Exhibit 12
The Williams Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Nine months ended | ||||
September 30, 2005 | ||||
Earnings: | ||||
Income from continuing operations before income taxes | $ | 417.2 | ||
Minority interest in income of consolidated subsidiaries | 16.8 | |||
Less: Equity earnings | (45.1 | ) | ||
Income from continuing operations before income taxes, minority interest in income of consolidated subsidiaries and equity earnings | 388.9 | |||
Add: | ||||
Fixed charges: | ||||
Interest accrued, including proportionate share from equity-method investees | 513.4 | |||
Rental expense representative of interest factor | 15.0 | |||
Total fixed charges | 528.4 | |||
Distributed income of equity investees | 68.1 | |||
Less: | ||||
Capitalized interest | (4.3 | ) | ||
Total earnings as adjusted | $ | 981.1 | ||
Fixed charges | $ | 528.4 | ||
Ratio of earnings to fixed charges | 1.86 | |||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
THE WILLIAMS COMPANIES, INC. | ||
(Registrant) | ||
/s/ Ted T. Timmermans | ||
Ted T. Timmermans | ||
Controller (Duly Authorized Officer and Principal | ||
Accounting Officer) |
November 3, 2005