EL Paso Pipeline Partners 10K 2012 Annual report | EPB Filing

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Legalese
Litigous
Readability	H.S. sophomore Good

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	Year Ended December 31,
	2012			2011⁽¹⁾			2010⁽¹⁾			2009⁽¹⁾			2008⁽¹⁾
Earnings:
Income from continuing operations before income taxes	$	589		$	605		$	668		$	579		$	548
Income from equity investees	(14		)	(15		)	(16		)	(12		)	(16		)
Income before income taxes before adjustment for income from equity investees	575			590			652			567			532
Add:
Fixed Charges	296			271			213			170			162
Distributed Income of Equity Investees	13			15			22			14			17
Less:
Allowance for funds used during construction (AFUDC)	(1		)	(2		)	(11		)	(24		)	(11		)
Income as adjusted	$	883		$	874		$	876		$	727		$	700

Fixed Charges:
Interest and Debt Expense, Net per Statements of Income (Includes Amortization of Debt Discount, Premium and Debt Issuance Costs)	$	294		$	269		$	210		$	167		$	159
Add:
Portion of Rents Representative of the Interest Factor	2			2			3			3			3
Fixed Charges	$	296		$	271		$	213		$	170		$	162

Ratio of Earnings to Fixed Charges	3.0			3.2			4.1			4.3			4.3


(1)	Retrospectively adjusted as discussed in Note 3 to our consolidated financial statements.

EL Paso Pipeline Partners (EPB) Inactive 10-K2012 FY Annual report

Content analysis