EX-12.1 2 etp09-30x2017ex121.htm EXHIBIT 12.1 Exhibit



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)

 
Nine Months Ended September 30, 2017
 
Energy Transfer Partners, L.P. (consolidated)
 
Sunoco Logistics Partners Operations L.P.
Fixed Charges:
 
 
 
Interest expense, net
$
1,052

 
$
101

Capitalized interest
177

 
121

Interest charges included in rental expense
7

 
3

Total fixed charges
1,236

 
225

Earnings:
 
 
 
Income before income tax expense and noncontrolling interest
1,439

 
959

Less: equity in earnings of unconsolidated affiliates
(139
)
 
(58
)
Total earnings
1,300

 
901

Add:
 
 
 
Fixed charges
1,236

 
225

Amortization of capitalized interest
15

 
3

Distributed income of equity investees
319

 
48

Less:
 
 
 
Interest capitalized
(177
)
 
(121
)
Income available for fixed charges
$
2,693

 
$
1,056

 
 
 
 
Ratio of earnings to fixed charges
2.18

 
4.69