EX-12 3 kmp-2012630ex12.htm EXHIBIT 12 KMP-2012.6.30 EX. 12


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)

 
Six Months Ended
Six Months Ended
 
June 30, 2012
June 30, 2011
Earnings:
Pre-tax income from continuing operations before adjustment for net income attributable to the noncontrolling interest and equity earnings (including amortization of excess cost of equity investments) per statements of income
$
819

$
404

Add:
 
 
Fixed charges
306

279

Amortization of capitalized interest
2

2

Distributed income of equity investees
117

98

Less:
 
 
Interest capitalized from continuing operations
(11
)
(6
)
Noncontrolling interest in pre-tax income of subsidiaries
with no fixed charges
—

—

Income as adjusted
$
1,233

$
777

 
 
 
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
$
293

$
268

Add:
 
 
Portion of rents representative of the interest factor
13

11

Fixed charges
$
306

$
279

 
 
 
Ratio of earnings to fixed charges
4.03
2.78