Attached files
| file | filename |
|---|---|
| EX-32.1 - CERTIFICATION - Energy Transfer Operating, L.P. | exhibit321certification-90.htm |
| EX-32.2 - CERTIFICATION - Energy Transfer Operating, L.P. | exhibit322certification-90.htm |
| EX-31.1 - CERTIFICATION - Energy Transfer Operating, L.P. | exhibit311certification-30.htm |
| EX-31.2 - CERTIFICATION - Energy Transfer Operating, L.P. | exhibit312certification-30.htm |
| 10-Q - 10-Q - Energy Transfer Operating, L.P. | q22015form10-q.htm |
| EX-10.1 - EXHIBIT 10.1 - Energy Transfer Operating, L.P. | exhibit101firstamendmentto.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, 2015 | |||
(in millions) | |||
Fixed Charges: | |||
Interest cost and debt expense | $ | 102 | |
Interest allocable to rental expense (1) | 4 | ||
Total | $ | 106 | |
Earnings: | |||
Income before income tax expense (2) | $ | 325 | |
Income before income tax expense attributable to noncontrolling interests | (2 | ) | |
Income before income tax expense attributable to redeemable noncontrolling interests | (1 | ) | |
Equity in income of 50 percent or less owned affiliated companies | (13 | ) | |
Dividends received from 50 percent or less owned affiliated companies (3) | 10 | ||
Fixed charges | 106 | ||
Interest capitalized | (42 | ) | |
Amortization of previously capitalized interest | 1 | ||
Total | $ | 384 | |
Ratio of Earnings to Fixed Charges | 3.6 | ||
(1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |
(2) | Represents income before income tax expense for all consolidated entities, including Inland Corporation, Mid-Valley Pipeline Company, West Texas Gulf Pipe Line Company and Price River Terminal, LLC. |
(3) | Represents dividends received from equity-method investments, which excludes dividends from Inland Corporation, Mid-Valley Pipeline Company and Price River Terminal, LLC. |