Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Energy Transfer Operating, L.P. | exhibit322certification-90.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 |
| 10-Q - 10-Q - Energy Transfer Operating, L.P. | q12017form10-q.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Three Months Ended March 31, 2017 | |||
(in millions) | |||
Fixed Charges: | |||
Interest cost and debt expense | $ | 73 | |
Interest allocable to rental expense (1) | 2 | ||
Total | $ | 75 | |
Earnings: | |||
Income before income tax expense (2) | $ | 605 | |
Income before income tax expense attributable to noncontrolling interests | (11 | ) | |
Income before income tax expense attributable to redeemable noncontrolling interests | — | ||
Equity in income of 50 percent or less owned affiliated companies | (9 | ) | |
Dividends received from 50 percent or less owned affiliated companies (3) | 8 | ||
Fixed charges | 75 | ||
Interest capitalized | (33 | ) | |
Amortization of previously capitalized interest | 1 | ||
Total | $ | 636 | |
Ratio of Earnings to Fixed Charges | 8.5 | ||
(1) | Represents one-third of the total operating lease rental expense which is the portion deemed to be interest. |
(2) | Represents income before income tax expense for all consolidated entities. |
(3) | Represents dividends received from equity-method investments. |