- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Good
|
- 10-K Annual report
- 4.29 Officer's Certificate
- 11 Statement Re Computation of Per Share Earnings
- 12 Statement Re Computation of Ratio of Earnings to Fixed Charges
- 21.1 List of Subsidiaries
- 23.1 Feb 19 2009 Consent of Indep Reg Pub Acctg Firm - Pricewaterhousecoopers LLP
- 23.2 Feb 16 2009 Consent of Ind Petroleum Eng & Geologists - Netherland, Sewell & As
- 31.1 Certification of CEO
- 31.2 Certification of CFO
- 32.1 Certification of CEO
- 32.2 Certification of CFO
KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES
EXHIBIT 12 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars In millions except ratio amounts)
|
| Year Ended December 31, |
| |||||||||||||
|
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Pre-tax income from continuing operations before |
|
|
|
|
|
|
|
|
|
|
| |||||
cumulative effect of a change in accounting principle |
|
|
|
|
|
|
|
|
|
|
| |||||
and before adjustment for minority interest and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
earnings (including amortization of excess cost of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
equity investments) per statements of income |
| $ | 1,182.5 |
| $ | 430.5 |
| $ | 965.8 |
| $ | 760.1 |
| $ | 769.6 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
|
| 467.4 |
|
| 444.8 |
|
| 383.7 |
|
| 293.8 |
|
| 215.5 |
|
Amortization of capitalized interest |
|
| 3.0 |
|
| 2.0 |
|
| 1.3 |
|
| 0.8 |
|
| 0.6 |
|
Distributed income of equity investees |
|
| 158.0 |
|
| 101.6 |
|
| 66.3 |
|
| 61.1 |
|
| 63.9 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest capitalized from continuing operations |
|
| (48.6 | ) |
| (31.4 | ) |
| (20.3 | ) |
| (9.8 | ) |
| (6.3 | ) |
Minority interest in pre-tax income of subsidiaries |
|
| (0.3 | ) |
| (0.5 | ) |
| (0.5 | ) |
| (0.4 | ) |
| (0.1 | ) |
with no fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income as adjusted |
| $ | 1,762.0 |
| $ | 947.0 |
| $ | 1,396.3 |
| $ | 1,105.6 |
| $ | 1,043.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges: |
| $ | 446.8 |
| $ | 428.5 |
| $ | 365.8 |
| $ | 278.2 |
| $ | 202.5 |
|
Interest and debt expense, net per statements of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income (includes amortization of debt discount, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
premium, and debt issuance costs; excludes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
capitalized interest) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of rents representative of the interest factor |
|
| 20.6 |
|
| 16.3 |
|
| 17.9 |
|
| 15.6 |
|
| 13.0 |
|
Fixed charges |
| $ | 467.4 |
| $ | 444.8 |
| $ | 383.7 |
| $ | 293.8 |
| $ | 215.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
| 3.77 |
|
| 2.13 |
|
| 3.64 |
|
| 3.76 |
|
| 4.84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|