Kinder Morgan (KMI) 10-Q 2013 Q3 Quarterly report

Exhibit 12.1

KINDER MORGAN, INC. AND SUBSIDIARIES

EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions except, ratio amounts)

	Nine Months Ended September 30,
	2013			2012
Earnings:
Pre-tax income from continuing operations before adjustment for net income attributable to the noncontrolling interests and equity earnings (including amortization of excess cost of equity investments) per statements of income	$	2,400		$	664
Add:
Fixed charges	1,326			1,053
Amortization of capitalized interest	4			4
Distributed income of equity investees	303			226
Less:
Interest capitalized from continuing operations	(38		)	(18		)
Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges	(301		)	80
Income as adjusted	$	3,694		$	2,009
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)	$	1,297		$	1,031
Add:
Portion of rents representative of the interest factor	29			22
Fixed charges	$	1,326		$	1,053
Ratio of earnings to fixed charges	2.79			1.91

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