Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31, | ||||||||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before cumulative effect of change in accounting principle (a) | $ | 95,012 | $ | 95,062 | $ | 83,132 | $ | 119,674 | $ | 146,868 | ||||||||||
Less: | ||||||||||||||||||||
Equity earnings — Discovery Producer Services | 2,026 | 3,447 | 4,495 | 8,331 | 12,033 | |||||||||||||||
Income before cumulative effect of change in accounting principle and equity earnings | 92,986 | 91,615 | 78,637 | 111,343 | 134,835 | |||||||||||||||
Add: | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest accrued | 3,414 | 4,176 | 12,476 | 8,238 | 9,833 | |||||||||||||||
Rental expense representative of interest factor | 4,872 | 3,816 | 3,552 | 4,536 | 4,656 | |||||||||||||||
Total fixed charges | 8,286 | 7,992 | 16,028 | 12,774 | 14,489 | |||||||||||||||
Distributed income of equity-method investees | — | — | — | 1,280 | 16,400 | |||||||||||||||
Total earnings as adjusted | $ | 101,272 | $ | 99,607 | $ | 94,665 | $ | 125,397 | $ | 165,724 | ||||||||||
Fixed charges | 8,286 | 7,992 | 16,028 | 12,774 | 14,489 | |||||||||||||||
Ratio of earnings to fixed charges | 12.22 | 12.46 | 5.91 | 9.82 | 11.44 | |||||||||||||||
(a) | Income before cumulative effect of change in accounting principle for the periods presented have been restated to reflect the to reflect the combined historical results of Four Corners. |