EX-12.1 5 kmp-2013331ex12.htm EXHIBIT 12.1 KMP-2013.3.31 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)

 
Three Months Ended
Three Months Ended
 
March 31, 2013
March 31, 2012
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
$
814

$
432

Add:
 
 
Fixed charges
221

151

Amortization of capitalized interest
1

4

Distributed income of equity investees
82

58

Less:
 
 
Interest capitalized from continuing operations
(9
)
(5
)
Noncontrolling interest in pre-tax income of subsidiaries
with no fixed charges
—

—

Income as adjusted
$
1,109

$
640

 
 
 
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
$
212

$
145

Add:
 
 
Portion of rents representative of the interest factor
9

6

Fixed charges
$
221

$
151

 
 
 
Ratio of earnings to fixed charges
5.02
4.24