Exhibit 12.1
VALERO ENERGY PARTNERS LP
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands)
Pro Forma | ||||
Fiscal Year Ended December 31, 2017 | ||||
Earnings: | ||||
Income before income tax expense | $ | 219,510 | ||
Add: | ||||
Fixed charges | 60,792 | |||
Amortization of capitalized interest | 15 | |||
Less: | ||||
Capitalized interest | (619 | ) | ||
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| |||
Total earnings | 279,698 | |||
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Fixed charges: | ||||
Interest and debt expense, net of capitalized interest | $ | 56,273 | ||
Capitalized interest | 619 | |||
Rental expense interest factor (a) | 3,900 | |||
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Total fixed charges | $ | 60,792 | ||
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| |||
Ratio of earnings to fixed charges | 4.6 | |||
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(a) | The interest portion of rental expense representsone-third of rents, which is deemed representative of the interest portion of rental expense. |
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