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Exhibit 12.1
Pacific Energy Partners, L.P.
Statement of Computation of Ratio of Earnings to Fixed Charges
| For the Years Ended December 31, | For the Six Months Ended June 30, | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2001 | 2000 | 2003 | 2002 | |||||||||||
| (in thousands) | |||||||||||||||
| (unaudited) | |||||||||||||||
Earnings | ||||||||||||||||
Pre-tax income from continuing operations(1) | $ | 32,227 | $ | 14,038 | $ | 12,602 | $ | 11,027 | $ | 18,318 | ||||||
Fixed charges | 11,667 | 10,056 | 18,115 | 8,148 | 3,855 | |||||||||||
Distributed income of equity investee | 1,600 | 2,098 | 1,581 | 1,333 | 933 | |||||||||||
Total earnings | 45,494 | 26,192 | 32,298 | 20,508 | 23,106 | |||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 11,667 | $ | 10,056 | $ | 18,115 | $ | 8,148 | $ | 3,855 | ||||||
Ratio of earnings to fixed charges | $ | 3.90 | $ | 2.60 | $ | 1.78 | $ | 2.52 | $ | 5.99 | ||||||
- (1)
- Pre-tax income from continuing operations excludes income from equity investee.
Pacific Energy Group LLC
Statement of Computation of Ratio of Earnings to Fixed Charges
| For the Years Ended December 31, | For the Six Months Ended June 30, | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2001 | 2000 | 2003 | 2002 | |||||||||||
| (in thousands) | |||||||||||||||
| (unaudited) | |||||||||||||||
Earnings | ||||||||||||||||
Pre-tax income from continuing operations(1) | $ | 32,248 | $ | 14,038 | $ | 12,602 | $ | 11,020 | $ | 18,318 | ||||||
Fixed charges | 11,667 | 10,056 | 18,115 | 8,148 | 3,855 | |||||||||||
Distributed income of equity investee | 1,600 | 2,098 | 1,581 | 1,333 | 933 | |||||||||||
Total earnings | 45,482 | 26,192 | 32,298 | 20,501 | 23,106 | |||||||||||
Fixed charges | ||||||||||||||||
Interest expense | $ | 11,667 | $ | 10,056 | $ | 18,115 | $ | 8,148 | $ | 3,855 | ||||||
Ratio of earnings to fixed charges | $ | 3.90 | $ | 2.60 | $ | 1.78 | $ | 2.52 | $ | 5.99 | ||||||
- (1)
- Pre-tax income from continuing operations excludes income from equity investee.
Pacific Energy Partners, L.P. Statement of Computation of Ratio of Earnings to Fixed Charges