EX-12.1 6 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

Sunoco Logistics Partners L.P.

 

    

Year Ended

December 31, 2005


 

Fixed Charges:

        

Interest cost and debt expense

   $ 22,466  

Interest allocable to rental expense (a)

     1,560  
    


Total

   $ 24,026  
    


Earnings:

        

Income before income tax expense

   $ 61,709  

Equity in income of less than 50 percent owned affiliated companies (b)

     (13,216 )

Dividends received from less than 50 percent owned affiliated companies (b)

     13,216  

Fixed charges

     24,026  

Interest capitalized

     (480 )

Amortization of previously capitalized interest

     154  
    


Total

   $ 85,409  
    


Ratio of Earnings to Fixed Charges

     3.55  
    


 

(a) Represents one-third of the total operating lease rental expense which is that portion deemed to be interest.
(b) Reflects amounts attributable to interests in the following corporate joint ventures accounted for under the equity method: 9.4 percent in Explorer Pipeline Company, 31.5 percent in Wolverine Pipe Line Company, 12.3 percent in West Shore Pipe Line Company, 14.0 percent in Yellowstone Pipe Line Company, and 43.8 percent in West Texas Gulf Pipe Line Company.