EX-12 2 mlp-2014630_exhibit12.htm EXHIBIT 12 MLP-2014/6/30_Exhibit 12


Exhibit 12


PHILLIPS 66 PARTNERS LP

Computation of Ratio of Earnings to Fixed Charges

 
Millions of Dollars
 
Six Months Ended

 
 
 
June 30

 
Years Ended December 31
 
2014

 
2013

 
2012

 
2011

Earnings Available for Fixed Charges
 
 
 
 
 
 
 
Income before income tax
$
60.6

 
100.2

 
61.4

 
63.5

Fixed charges, excluding capitalized interest
1.8

 
0.3

 
—

 
—

 
$
62.4

 
100.5

 
61.4

 
63.5

 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
Interest and expense on indebtedness, excluding capitalized interest
$
1.8

 
0.3

 
—

 
—

 
$
1.8

 
0.3

 
—

 
—

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
34.7

 
335.0

 
N/A

 
N/A