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MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges
(Dollar amounts in thousands)
| 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||
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Total fixed charges | $ | 120,697 | $ | 123,879 | $ | 157,323 | $ | 200,852 | $ | 206,759 | ||||||
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Earnings: | ||||||||||||||||
Earnings from continuing operations before income taxes | $ | 31,757 | $ | 118,449 | $ | 255,293 | $ | 53,114 | $ | 202,522 | ||||||
Add: | ||||||||||||||||
Fixed charges | 120,697 | 123,879 | 157,323 | 200,852 | 206,759 | |||||||||||
Amortization of capitalized interest | 1,583 | 1,639 | 2,942 | 4,694 | 6,099 | |||||||||||
Cash distributions from equity method investments | 8,448 | 4,382 | 8,416 | 6,370 | 12,459 | |||||||||||
Income from equity method investments | 3,823 | 158 | 2,328 | 1,422 | (4,477 | ) | ||||||||||
Subtract: | ||||||||||||||||
Interest capitalized | (2,766 | ) | (1,121 | ) | (26,061 | ) | (35,053 | ) | (28,088 | ) | ||||||
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Total earnings | $ | 163,542 | $ | 247,386 | $ | 400,241 | $ | 231,399 | $ | 395,274 | ||||||
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Ratio | 1.35 | 2.00 | 2.54 | 1.15 | 1.91 | |||||||||||
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MarkWest Energy Partners, L.P. Calculation of Earnings to Fixed Charges (Dollar amounts in thousands)