EX-12.1 3 h88801ex12-1.txt STATEMENT RE COMPUTATION OF RATIOS 1 EXHIBIT 12.1 STATEMENT RE COMPUTATION OF RATIOS
NORTHERN BORDER PARTNERS, L.P. RATIO OF EARNINGS TO FIXED CHARGES Three months ended (in thousands) March 31, Year ended December 31, -------------------- --------------------------------------------------------------- 2001 2000 2000 1999 1998 1997 1996 FIXED CHARGES: Interest expensed and capitalized $21,949 $18,740 $ 81,881 $ 67,807 $ 49,923 $ 34,520 $ 33,117 Estimate of interest within rental expense 245 100 864 402 397 393 404 ------- ------- -------- -------- -------- -------- -------- Total fixed charges 22,194 18,840 82,745 68,209 50,320 34,913 33,521 EARNINGS: Pretax income from continuing operations 17,973 17,966 76,720 81,003 68,020 53,024 50,285 Minority interest in net income 10,767 8,623 38,119 35,568 30,069 22,253 22,153 Fixed charges, net of capitalized interest 22,194 18,840 82,745 68,209 50,320 34,913 33,521 ------- ------- -------- -------- -------- -------- -------- Total earnings 50,934 45,429 197,584 184,780 148,409 110,190 105,959 RATIO OF EARNINGS TO FIXED CHARGES 2.29 2.41 2.39 2.71 2.95 3.16 3.16 ======= ======= ======== ======== ======== ======== ========