EX-12 4 wpz_20130930xex12.htm EX-12 WPZ_2013.09.30_EX12


Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
 
 
Nine months ended
 
September 30, 2013
 
(Millions)
Earnings:
 
Income before income taxes and noncontrolling interests
$
875

Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
(15
)
Income before income taxes, equity earnings and noncontrolling interests
860

Add:
 
Fixed charges:
 
Interest incurred, including proportionate share from 50% owned investees and unconsolidated majority-owned investees
364

Rental expense representative of interest factor
7

Total fixed charges
371

Distributed income of equity method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees
18

Less:
 
Interest capitalized
(50
)
Total earnings as adjusted
$
1,199

Fixed charges
$
371

Ratio of earnings to fixed charges
3.23