EX-12.2 6 d233387dex122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES-6 MOS ENDED 6/30/11 Computation of ratio of earnings to fixed charges-6 mos ended 6/30/11

Exhibit 12.2

ONEOK, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

(Unaudited)

   Six Months Ended
June 30, 2011
 
     (Thousands of dollars)  

Fixed charges, as defined

  

Interest on long-term debt

   $ 156,443   

Other interest

     3,042   

Amortization of debt discount and expense

     2,797   

Interest on lease agreements

     9,645   
  

 

 

 

Total fixed charges

     171,927   
  

 

 

 

Earnings before income taxes and undistributed income from equity investees

     441,489   
  

 

 

 

Earnings available for fixed charges

   $ 613,416   
  

 

 

 

Ratio of earnings to fixed charges

     3.57
  

 

 

 

A statement showing the calculation of the ratio of earnings to fixed charges for the years ended December 31, 2010, 2009, 2008, 2007, and 2006 was included in Exhibit 12.1 hereto, incorporating by reference Exhibit 12 to ONEOK, Inc.’s December 31, 2010, Form 10-K filed on February 22, 2011 (File No. 1-13643).

For purposes of computing the ratio of earnings to fixed charges, “earnings” consists of pre-tax income from continuing operations before adjustment for income or loss from equity investees plus fixed charges and distributed income of equity investees, less interest capitalized. “Fixed charges” consists of interest charges, the amortization of debt discounts and issue costs and the representative interest portion of operating leases.