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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