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MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges
(Dollar amounts in thousands)
| 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total fixed charges | $ | 112,965 | $ | 120,697 | $ | 123,879 | $ | 157,323 | $ | 200,852 | ||||||
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Earnings: | ||||||||||||||||
Earnings from continuing operations before income taxes | $ | (196,372 | ) | $ | 31,757 | $ | 118,449 | $ | 255,293 | $ | 53,114 | |||||
Add: | ||||||||||||||||
Fixed charges | 112,965 | 120,697 | 123,879 | 157,323 | 200,852 | |||||||||||
Amortization of capitalized interest | 1,444 | 1,583 | 1,639 | 2,942 | 4,694 | |||||||||||
Cash distributions from equity method investments | — | 8,448 | 4,382 | 8,416 | 6,370 | |||||||||||
Income from equity method investments | 5,307 | 3,823 | 158 | 2,328 | 1,422 | |||||||||||
Subtract: | ||||||||||||||||
Interest capitalized | (12,228 | ) | (2,766 | ) | (1,121 | ) | (26,061 | ) | (35,053 | ) | ||||||
| | | | | | | | | | | | | | | | |
Total earnings | $ | (88,884 | ) | $ | 163,542 | $ | 247,386 | $ | 400,241 | $ | 231,399 | |||||
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Ratio | (0.79 | ) | 1.35 | 2.00 | 2.54 | 1.15 | ||||||||||
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Deficit | $ | (201,849 | ) | $ | — | $ | — | $ | — | $ | — |
MarkWest Energy Partners, L.P. Calculation of Earnings to Fixed Charges (Dollar amounts in thousands)