EX-12 2 km-ex121toform8k_7859271.htm EXHIBIT 12.1

KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT 12.1 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars In Thousands Except Ratio Amounts)

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

 

2006

 

Earnings:

 

 

 

 

Pre-tax income from continuing operations before cumulative
effect of a change in accounting principle and before
adjustment for minority interest and equity earnings (including
amortization of excess cost of equity investments)
per statements of income

 

$

977,966

 

Add:

 

 

 

 

Fixed charges Services

 

 

383,854

 

Amortization of capitalized interest

 

 

1,258

 

Distributed income of equity investees

 

 

67,865

 

Less:

 

 

 

 

Interest capitalized from continuing operations

 

 

(20,267

)

Minority interest in pre-tax income of subsidiaries
with no fixed charges

 

 

(503

)

Income as adjusted

 

$

1,410,173

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)

 

$

365,792

 

Add:

 

 

 

 

Portion of rents representative of the interest factor Services

 

 

18,062

 

Fixed charges

 

$

383,854

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

3.67