Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Sunoco LP | sun-06302018x10q.htm |
| EX-99.1 - EXHIBIT 99.1 - Sunoco LP | sun-06302018xexx991.htm |
| EX-32.2 - EXHIBIT 32.2 - Sunoco LP | sun-06302018xexx322.htm |
| EX-32.1 - EXHIBIT 32.1 - Sunoco LP | sun-06302018xexx321.htm |
| EX-31.2 - EXHIBIT 31.2 - Sunoco LP | sun-06302018xexx312.htm |
| EX-31.1 - EXHIBIT 31.1 - Sunoco LP | sun-06302018xexx311.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, 2018 | Year Ended December 31, | ||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 (1) | 2013 | |||||||||||||||||||
(in millions, except ratios) | |||||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest cost and debt expense | $ | 73 | $ | 249 | $ | 191 | $ | 89 | $ | 17 | $ | 3 | |||||||||||
Interest allocable to rental expense (2) | 12 | 46 | 47 | 47 | 14 | 1 | |||||||||||||||||
Total | $ | 85 | $ | 295 | $ | 238 | $ | 136 | $ | 31 | $ | 4 | |||||||||||
Earnings: | |||||||||||||||||||||||
Consolidated pretax income (loss) from continuing operations | $ | 45 | $ | 20 | $ | (16 | ) | $ | 185 | $ | 22 | $ | 37 | ||||||||||
Fixed charges | 85 | 295 | 238 | 136 | 31 | 4 | |||||||||||||||||
Interest capitalized | (1 | ) | (4 | ) | (2 | ) | (1 | ) | (1 | ) | — | ||||||||||||
Total | $ | 129 | $ | 311 | $ | 220 | $ | 320 | $ | 52 | $ | 41 | |||||||||||
Ratio of Earnings to Fixed Charges (3) | 1.52 | 1.05 | Ÿ | 2.35 | 1.68 | 10.25 | |||||||||||||||||
_______________________________
(1) | For the year ended December 31, 2014, we have combined the Predecessor Period and the Successor Period and presented the unaudited financial data on a combined basis for comparative purposes. |
(2) | Represents one-third of the total operating lease rental expense, which is that portion deemed to be interest. |
(3) | In 2016, our earnings from continuing operations were insufficient to cover fixed charges by $18 million. |