- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Good
|
Exhibit 12.1
CRESTWOOD MIDSTREAM PARTNERS LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratio)
For the Three Months Ended March 31, | ||||||||
2013 | 2012 | |||||||
Earnings | ||||||||
Income before income taxes | $ | 9,296 | $ | 10,108 | ||||
Fixed charges | 12,145 | 8,395 | ||||||
Capitalized interest | — | (91 | ) | |||||
Amortized capitalized interest | 26 | 21 | ||||||
|
|
|
| |||||
Total earnings available for fixed charges | 21,467 | 18,433 | ||||||
|
|
|
| |||||
Fixed charges | ||||||||
Interest and debt expense | $ | 11,450 | $ | 7,648 | ||||
Interest component of rent | 695 | 747 | ||||||
|
|
|
| |||||
Total fixed charges | 12,145 | 8,395 | ||||||
|
|
|
| |||||
Ratio of earnings to fixed charges(1) | 1.8 | 2.2 | ||||||
|
|
|
|
(1) | For purposes of computing the ratio of earnings to fixed charges, "earnings" consists of pretax income from continuing operations plus fixed charges (excluding capitalized interest) and amortized capitalized interest. "Fixed charges" represents interest incurred (whether expensed or capitalized), amortization of debt costs and that portion of rental expense on operating leases deemed to be the equivalent of interest. |