EX-12 2 d302220dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

Williams Partners L.P.

Computation of Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,  
     2011     2010     2009     2008     2007  
     (Millions)  

Earnings:

          

Income before income taxes

   $ 1,381     $ 1,103     $ 1,040     $ 1,156     $ 1,318  

Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees

     (93     (68     (55     (55     (51
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes and equity earnings

     1,288       1,035       985       1,101       1,267  

Add:

          

Fixed charges:

          

Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees

     426       393       260       252       226  

Rental expense representative of interest factor

     7       6       8       11       13  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     433       399       268       263       239  

Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees

     101       78       60       64       48  

Less:

          

Capitalized interest

     (11     (29     (58     (43     (25
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings as adjusted

   $ 1,811     $ 1,483     $ 1,255     $ 1,385     $ 1,529  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 433     $ 399     $ 268     $ 263     $ 239  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     4.18       3.72       4.68       5.27       6.40