Attached files
| file | filename |
|---|---|
| EX-24.1 - EXHIBIT 24.1 - Energy Transfer Operating, L.P. | exhibit241-powerofattorney.htm |
| EX-32.1 - EXHIBIT 32.1 - Energy Transfer Operating, L.P. | exhibit321certification-90.htm |
| EX-31.2 - EXHIBIT 31.2 - Energy Transfer Operating, L.P. | exhibit312certification-30.htm |
| EX-31.1 - EXHIBIT 31.1 - Energy Transfer Operating, L.P. | exhibit311certification-30.htm |
| EX-23.1 - EXHIBIT 23.1 - Energy Transfer Operating, L.P. | exhibit231-consentofgrantt.htm |
| EX-21.1 - EXHIBIT 21.1 - Energy Transfer Operating, L.P. | exhibit211subsidiariesofsu.htm |
| EX-2.2.2 - EXHIBIT 2.2.2 BAKKEN MIPA AMENDMENT 1 - Energy Transfer Operating, L.P. | exhibit222bakkenmipa1stame.htm |
| 10-K - 10-K - Energy Transfer Operating, L.P. | a2016form10-k.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Year Ended December 31, 2016 | |||
(in millions) | |||
Fixed Charges: | |||
Interest cost and debt expense | $ | 268 | |
Interest allocable to rental expense (1) | 7 | ||
Total | $ | 275 | |
Earnings: | |||
Income before income tax expense (2) | $ | 736 | |
Income before income tax expense attributable to noncontrolling interests | (5 | ) | |
Income before income tax expense attributable to redeemable noncontrolling interests | (1 | ) | |
Equity in income of 50 percent or less owned affiliated companies | (39 | ) | |
Dividends received from 50 percent or less owned affiliated companies (3) | 25 | ||
Fixed charges | 275 | ||
Interest capitalized | (111 | ) | |
Amortization of previously capitalized interest | 4 | ||
Total | $ | 884 | |
Ratio of Earnings to Fixed Charges | 3.2 | ||
(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. |
(3) | Represents dividends received from equity-method investments. |