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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
December 31 (millions of dollars) | 2015 | 2014 | 2013 | 2012 | 2011 | June 30, 2016 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | (millions of dollars) | |||||||||||||
Earnings | |||||||||||||||||||
Net income before adjustment for income from equity investees | 122 | 116 | 124 | 130 | 115 | 63 | |||||||||||||
Fixed charges | 61 | 45 | 44 | 41 | 50 | 34 | |||||||||||||
Distributed income of equity investees | (102 | ) | 88 | 67 | 99 | 135 | 64 | ||||||||||||
| | | | | | | | | | | | | | | | | | | |
Total Earnings | 81 | 239 | 221 | 257 | 300 | 161 | |||||||||||||
Fixed Charges | |||||||||||||||||||
Interest expensed and capitalized | 60 | 44 | 43 | 40 | 48 | 33 | |||||||||||||
Amortization of other assets | 1 | 1 | 1 | 1 | 2 | 1 | |||||||||||||
| | | | | | | | | | | | | | | | | | | |
Total Fixed Charges | 61 | 45 | 44 | 41 | 50 | 34 | |||||||||||||
Ratio of Earnings/Fixed Charges | 1.33x | 5.31x | 5.02x | 6.27x | 6.00x | 4.74x |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES