Sunoco LP - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 10, 2018

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EX-99.2 - EXHIBIT 99.2 - Sunoco LPsun-03312018xexx992.htm
EX-99.1 - EXHIBIT 99.1 - Sunoco LPsun-03312018xexx991.htm
EX-32.2 - EXHIBIT 32.2 - Sunoco LPsun-03312018xexx322.htm
EX-32.1 - EXHIBIT 32.1 - Sunoco LPsun-03312018xexx321.htm
EX-31.2 - EXHIBIT 31.2 - Sunoco LPsun-03312018xexx312.htm
EX-31.1 - EXHIBIT 31.1 - Sunoco LPsun-03312018xexx311.htm
EX-8.1 - EXHIBIT 8.1 - Sunoco LPsun-03312018xexx81.htm
EX-3.3 - EXHIBIT 3.3 - Sunoco LPsun-03312018xexx33.htm
EX-3.2 - EXHIBIT 3.2 - Sunoco LPsun-03312018xexx32.htm
EX-3.1 - EXHIBIT 3.1 - Sunoco LPsun-03312018xexx31.htm
10-Q - 10-Q - Sunoco LPsun-03312018x10q.htm


Exhibit 12.1

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
 
Three Months Ended March 31, 2018
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
 
2014 (1)
 
2013
 
(in millions, except ratios)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest cost and debt expense
$
37

 
$
249

 
$
191

 
$
89

 
$
17

 
$
3

Interest allocable to rental expense (2)
6

 
46

 
47

 
47

 
14

 
1

Total
$
43

 
$
295

 
$
238

 
$
136

 
$
31

 
$
4

 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Consolidated pretax income (loss) from continuing operations
$
(47
)
 
$
20

 
$
(16
)
 
$
185

 
$
22

 
$
37

Fixed charges
43

 
295

 
238

 
136

 
31

 
4

Interest capitalized
(1
)
 
(4
)
 
(2
)
 
(1
)
 
(1
)
 
—

Total
$
(5
)
 
$
311

 
$
220

 
$
320

 
$
52

 
$
41

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (3)
Ÿ
 
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)
The ratios of coverage in 2016 and the three months ended March 31, 2018 were less than 1:1. The Partnership would have needed to generate additional earnings from continuing operations of $18 million and $48 million to achieve a coverage of 1:1 in 2016 and the three months ended March 31, 2018.



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