Crestwood Equity Partners (CEQP) 10-Q2017 Q1 Quarterly report

Filed: 4 May 17, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: accommodate, arrangement, arriving, attainment, Bakken, beneficiary, build, claim, conform, degree, denied, discipline, dollar, duration, earlier, efficiently, employment, face, flared, greater, greenfield, impose, indemnification, installation, interconnect, interconnection, Intersegment, interviewed, irrevocable, Keystone, lender, lessen, LTIP, meaningful, Mountaineer, obligated, occurrence, organic, oversight, past, policy, preclude, pro, pursue, quantitative, rata, redeem, region, regional, residue, restructuring, sacrificing, scrutiny, semiannually, separate, Simplifying, solution, spur, takeaway, trend, Turner, unamortized, unclear, unlimited, unseasonably, upside, vesting, VIE, warm, wholesale, worker, write

Removed: accessing, acquired, alleging, Alliance, amendment, ample, announced, annually, Appalachian, Appraisal, Arlington, asserted, assessed, bankruptcy, Barnett, bench, billed, bluestone, Bucking, ceased, ceasing, CEGP, Chapter, charge, choke, classify, closed, closely, closing, Code, committed, compare, component, Con, conclusion, contracting, Cowtown, detail, disposition, distribute, distributed, East, Edison, eliminated, embodied, end, enterprise, establish, estimating, evaluated, eventual, executing, exercising, expanded, extension, facilitate, falling, fast, footprint, forecasted, formation, freely, gather, grow, Horse, identifiable, implemented, imprecise, improving, Imputation, inaccurate, initiative, intangible, integral, intent, investing, JV, light, locational, longer, Matagorda, MCAD, member, merge, Mewbourne, narrowed, NE, northern, noted, obtaining, original, originally, Outlook, pay, Pennsylvania, permitted, predecessor, predict, profile, projected, prove, pushed, Quicksilver, rated, recent, recoverable, reducing, refund, reinvest, reject, retained, revised, rich, shutting, Subtopic, sum, Superior, surviving, tax, taxable, terminalling, tradable, transported, trial, unable, unequal, view, warmer, weighted, withdrew, WolfCamp

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

CEQP similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.2

CRESTWOOD MIDSTREAM PARTNERS LP

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except for ratio)



	Three Months Ended March 31,
	2017			2016
Earnings:
Pre-tax loss from continuing operations before adjustment for non-controlling interest and equity earnings (including amortization of excess cost of equity investment) per statements of income	$	(29.6	)	$	(102.0	)
Add:
Fixed charges	29.2			39.3
Amortized capitalized interest	0.1			0.1
Distributed income of equity investees	7.8			5.6
Less:
Capitalized interest	(0.3		)	(0.2		)
Non-controlling interest in pre-tax income of subsidiary with no fixed charges	(6.1		)	(5.9		)
Total earnings available for fixed charges	$	1.1		$	(63.1	)

Fixed charges:
Interest and debt expense	26.8			36.3
Interest component of rent	2.4			3.0
Total fixed charges	$	29.2		$	39.3

Ratio of earnings to fixed charges^{(1) (2)}	—			—

(1)

For purposes of computing the ratio of earnings to fixed charges, "earnings" consists of pretax income from continuing operations before adjustment for non-controlling interest and income from equity investee plus fixed charges (excluding capitalized interest) and amortized capitalized interest. "Fixed charges" represents interest incurred (whether expensed or capitalized), amortization of debt costs and that portion of rental expense on operating leases deemed to be the equivalent of interest.


(2)	Earnings for the three months ended March 31, 2017 and 2016 were inadequate to cover fixed charges by approximately $28.1 million and $102.4 million.