QuickLinks -- Click here to rapidly navigate through this document
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year ended December 31(1) (dollar amounts in thousands) | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||
Earnings | |||||||||||||||||
Income from Continuing Operations | 523 | (12,467 | ) | (14,673 | ) | 1,317 | 7,264 | ||||||||||
Fixed Charges | 7,106 | 23,479 | 42,210 | 36,808 | 30,034 | ||||||||||||
Distributions from Equity Investees | 53,134 | 62,488 | 110,247 | 122,604 | 99,416 | ||||||||||||
Total Earnings | 60,763 | 73,500 | 137,784 | 160,729 | 136,714 | ||||||||||||
Fixed Charges | |||||||||||||||||
Interest expense | 7,106 | 23,479 | 42,210 | 36,808 | 30,034 | ||||||||||||
Total Fixed Charges | 7,106 | 23,479 | 42,210 | 36,808 | 30,034 | ||||||||||||
Ratio of Earnings/Fixed Charges | 8.55x | 3.13x | 3.26x | 4.37x | 4.55x |
- (1)
- The acquisition of North Baja in 2009 was accounted for as a transaction between entities under common control similar to a pooling of interests, and the Partnership's historical financial information was recast to include North Baja for all periods presented. The ratios presented reflect the recast historical financial information.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES