Exhibit 12.1
MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges
(Dollar amounts in thousands)
|
|
|
2010 |
|
2011 |
|
2012 |
|
2013 |
|
2014 |
|
2015 |
| ||||||
|
Total fixed charges |
|
$ |
120,697 |
|
$ |
123,879 |
|
$ |
157,323 |
|
$ |
200,852 |
|
$ |
206,759 |
|
$ |
120,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Earnings from continuing operations before income taxes |
|
$ |
31,757 |
|
$ |
118,449 |
|
$ |
255,293 |
|
$ |
53,114 |
|
$ |
202,522 |
|
$ |
(96,448 |
) |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed charges |
|
120,697 |
|
123,879 |
|
157,323 |
|
200,852 |
|
206,759 |
|
120,998 |
| ||||||
|
Amortization of capitalized interest |
|
1,583 |
|
1,639 |
|
2,942 |
|
4,694 |
|
6,099 |
|
3,383 |
| ||||||
|
Cash distributions from equity method investments |
|
8,448 |
|
4,382 |
|
8,416 |
|
6,370 |
|
12,459 |
|
28,747 |
| ||||||
|
Income (Loss) from equity method investments |
|
3,823 |
|
158 |
|
2,328 |
|
1,422 |
|
(4,477 |
) |
3,774 |
| ||||||
|
Subtract: |
|
|
|
|
|
|
|
|
|
|
|
(13,352 |
) | ||||||
|
Interest capitalized |
|
(2,766 |
) |
(1,121 |
) |
(26,061 |
) |
(35,053 |
) |
(28,088 |
) |
|
| ||||||
|
Total earnings |
|
$ |
163,542 |
|
$ |
247,386 |
|
$ |
400,241 |
|
$ |
231,399 |
|
$ |
395,274 |
|
$ |
47,102 |
|
|
Ratio |
|
1.35 |
|
2.00 |
|
2.54 |
|
1.15 |
|
1.91 |
|
0.39 |
| ||||||