Attached files
file | filename |
---|---|
EX-99.1 - EXHIBIT 99.1 - Energy Transfer Operating, L.P. | etp03-31x2018ex991.htm |
EX-32.2 - EXHIBIT 32.2 - Energy Transfer Operating, L.P. | etp03-31x2018ex322.htm |
EX-32.1 - EXHIBIT 32.1 - Energy Transfer Operating, L.P. | etp03-31x2018ex321.htm |
EX-31.2 - EXHIBIT 31.2 - Energy Transfer Operating, L.P. | etp03-31x2018ex312.htm |
EX-31.1 - EXHIBIT 31.1 - Energy Transfer Operating, L.P. | etp03-31x2018ex311.htm |
EX-8.1 - EXHIBIT 8.1 - Energy Transfer Operating, L.P. | etp03-31x2018ex81.htm |
10-Q - 10-Q - Energy Transfer Operating, L.P. | etp03-31x201810xq.htm |
Exhibit 12.1
ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except for ratio amounts)
(Unaudited)
Three Months Ended March 31, 2018 | |||||||
Energy Transfer Partners, L.P. (consolidated) | Sunoco Logistics Partners Operations L.P. | ||||||
Fixed Charges: | |||||||
Interest expense, net | $ | 346 | $ | 40 | |||
Capitalized interest | 80 | 54 | |||||
Interest charges included in rental expense | 3 | 2 | |||||
Total fixed charges | 429 | 96 | |||||
Series A and B preferred unit distributions | 24 | — | |||||
Total fixed charges and preferred unit distributions | 453 | 96 | |||||
Earnings: | |||||||
Income before income tax expense (benefit) | 839 | 235 | |||||
Less: equity in earnings (losses) of unconsolidated affiliates | (72 | ) | 48 | ||||
Total earnings | 911 | 187 | |||||
Add: | |||||||
Fixed charges | 429 | 96 | |||||
Amortization of capitalized interest | 5 | 1 | |||||
Distributed income of equity investees | 106 | 38 | |||||
Less: | |||||||
Interest capitalized | (80 | ) | (54 | ) | |||
Income available for fixed charges | $ | 1,371 | $ | 268 | |||
Ratio of earnings to fixed charges | 3.20 | 2.79 | |||||
Ratio of earnings to fixed charges and preferred unit distributions | 3.03 | 2.79 |