EX-12 3 km-ex12form10q_7128584.txt KM & SUBSIDIARIES RATIO EARNINGS FIXED CHARGES KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars In Thousands Except Ratio Amounts) Three Months Ended ------------------ March 31, 2006 ------------------ Earnings: Pre-tax income from continuing operations before adjustment for minority interest and equity earnings (including amortization of excess cost of equity investments) per statement of income.......................................... $ 231,263 Add: Fixed charges...................................... 87,062 Amortization of capitalized interest............... 837 Distributed income of equity investees............. 22,378 Less: Interest capitalized from continuing operations.... (5,272) ------------- Income as adjusted................................. $ 336,268 ------------- Fixed charges: Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest).............................. $ 82,842 Add: Portion of rents representative of the interest factor............................................. 4,220 ------------- Services.............................................. Fixed charges...................................... $ 87,062 ------------- Ratio of earnings to fixed charges.................... 3.86 =============