EX-12 3 d43897exv12.htm COMPENSATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
                                         
    Years Ended December 31,        
    2002     2003     2004     2005     2006  
    (Dollars in thousands)                  
Earnings:
                                        
Income before cumulative effect of change in accounting principle (a)
   $ 95,012     $ 95,062     $ 83,132     $ 119,674     $ 146,868  
Less:
                                        
Equity earnings — Discovery Producer Services
     2,026       3,447       4,495       8,331       12,033  
 
                              
Income before cumulative effect of change in accounting principle and equity earnings
     92,986       91,615       78,637       111,343       134,835  
Add:
                                        
Fixed charges:
                                        
Interest accrued
     3,414       4,176       12,476       8,238       9,833  
Rental expense representative of interest factor
     4,872       3,816       3,552       4,536       4,656  
 
                              
Total fixed charges
     8,286       7,992       16,028       12,774       14,489  
Distributed income of equity-method investees
     —       —       —       1,280       16,400  
 
                              
Total earnings as adjusted
   $ 101,272     $ 99,607     $ 94,665     $ 125,397     $ 165,724  
 
                              
Fixed charges
     8,286       7,992       16,028       12,774       14,489  
 
                              
Ratio of earnings to fixed charges
     12.22       12.46       5.91       9.82       11.44  
 
                              
 
(a)   Income before cumulative effect of change in accounting principle for the periods presented have been restated to reflect the to reflect the combined historical results of Four Corners.