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Content analysis
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H.S. sophomore Avg
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Exhibit 12.1
MarkWest Energy Partners, L.P.
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in thousands)
|
| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| 2015 |
| ||||||
Total fixed charges |
| $ | 120,697 |
| $ | 123,879 |
| $ | 157,323 |
| $ | 200,852 |
| $ | 206,759 |
| $ | 120,998 |
|
Earnings: |
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|
|
|
|
|
|
|
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Earnings from continuing operations before income taxes |
| $ | 31,757 |
| $ | 118,449 |
| $ | 255,293 |
| $ | 53,114 |
| $ | 202,522 |
| $ | (96,448 | ) |
Add: |
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Fixed charges |
| 120,697 |
| 123,879 |
| 157,323 |
| 200,852 |
| 206,759 |
| 120,998 |
| ||||||
Amortization of capitalized interest |
| 1,583 |
| 1,639 |
| 2,942 |
| 4,694 |
| 6,099 |
| 3,383 |
| ||||||
Cash distributions from equity method investments |
| 8,448 |
| 4,382 |
| 8,416 |
| 6,370 |
| 12,459 |
| 28,747 |
| ||||||
Income from equity method investments |
| 3,823 |
| 158 |
| 2,328 |
| 1,422 |
| (4,477 | ) | 3,774 |
| ||||||
Subtract: |
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Interest capitalized |
| (2,766 | ) | (1,121 | ) | (26,061 | ) | (35,053 | ) | (28,088 | ) | (13,352 | ) | ||||||
Total earnings |
| $ | 163,542 |
| $ | 247,386 |
| $ | 400,241 |
| $ | 231,399 |
| $ | 395,274 |
| $ | 47,102 |
|
Ratio |
| 1.35 |
| 2.00 |
| 2.54 |
| 1.15 |
| 1.91 |
| 0.39 |
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