EX-12 3 mlp-20131231x10kxexhibit12.htm EXHIBIT 12 MLP-2013/12/31-10K-Exhibit 12


Exhibit 12



PHILLIPS 66 PARTNERS LP

Computation of Ratio of Earnings to Fixed Charges

 
Millions of Dollars
 
Year Ended December 31
 
2013

 
2012

 
2011

Earnings Available for Fixed Charges
 
 
 
 
 
Income before income tax
$
61.2

 
41.4

 
38.8

Fixed charges
0.3

 
—

 
—

 
$
61.5

 
41.4

 
38.8

 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
Interest and expense on indebtedness
$
0.3

 
—

 
—

 
$
0.3

 
—

 
—

Ratio of Earnings to Fixed Charges
205.0

 
N/A

 
N/A