Exhibit 12.1
WESTLAKE CHEMICAL PARTNERS LP
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(thousands of dollars)
| Year Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income Before Income Taxes | $ | 354,438 | $ | 354,525 | $ | 709,208 | $ | 846,825 | $ | 606,798 | ||||||||||
Fixed Charges | 19,415 | 11,125 | 14,323 | 9,343 | 9,937 | |||||||||||||||
Amortization of Capitalized Interest | 472 | 228 | 24 | — | — | |||||||||||||||
Equity Investee Distributions | — | — | 4,045 | 5,114 | 4,449 | |||||||||||||||
Capitalized Interest | (5,961 | ) | (5,116 | ) | (2,638 | ) | — | — | ||||||||||||
Equity Investment (Income) Loss | — | — | (2,973 | ) | (4,711 | ) | (4,171 | ) | ||||||||||||
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Total Earnings Available for Fixed Charges | $ | 368,364 | $ | 360,762 | $ | 721,989 | $ | 856,571 | $ | 617,013 | ||||||||||
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Fixed Charges | ||||||||||||||||||||
Interest Expense | $ | 12,607 | $ | 4,967 | $ | 10,499 | $ | 8,032 | $ | 8,937 | ||||||||||
Capitalized Interest | 5,961 | 5,116 | 2,638 | — | — | |||||||||||||||
Amortization of Debt Issue Costs | — | — | — | — | — | |||||||||||||||
Portion of Rentals | 847 | 1,042 | 1,186 | 1,311 | 1,000 | |||||||||||||||
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Total Fixed Charges | $ | 19,415 | $ | 11,125 | $ | 14,323 | $ | 9,343 | $ | 9,937 | ||||||||||
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Ratio of Earnings to Fixed Charges | 19.0 | 32.4 | 50.4 | 91.7 | 62.1 | |||||||||||||||
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