EX-12 3 wpz_20140331xex12.htm EX 12 WPZ_2014.03.31_EX12


Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
 
 
Three months ended
 
March 31, 2014
 
(Millions)
Earnings:
 
Income before income taxes
$
360

Less: Equity earnings
(23
)
Income before income taxes and equity earnings
337

Add:
 
Fixed charges:
 
Interest incurred
131

Rental expense representative of interest factor
2

Total fixed charges
133

Distributed income of equity-method investees
43

Less:
 
Interest capitalized
(25
)
Total earnings as adjusted
$
488

Fixed charges
$
133

Ratio of earnings to fixed charges
3.67