EX-12 4 kmp-2012930ex12.htm EXHIBIT 12 KMP-2012.9.30 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)

 
Nine Months Ended
Nine Months Ended
 
September 30, 2012
September 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
$
1,239

$
527

Add:
 
 
Fixed charges
517

448

Amortization of capitalized interest
4

3

Distributed income of equity investees
213

142

Less:
 
 
Interest capitalized from continuing operations
(17
)
(10
)
Noncontrolling interest in pre-tax income of subsidiaries
with no fixed charges
—

—

Income as adjusted
$
1,956

$
1,110

 
 
 
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
$
497

$
406

Add:
 
 
Portion of rents representative of the interest factor
20

42

Fixed charges
$
517

$
448

 
 
 
Ratio of earnings to fixed charges
3.78
2.48