Energy Transfer (ET) 10-Q2017 Q3 Quarterly report

Filed: 8 Nov 17, 12:00am

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New words: AIM, Bank, Blackstone, buyout, Christi, CIAC, detection, Diamond, disaggregate, DOH, Exhibit, forma, Head, Holdco, Honolulu, indenture, issuer, iv, labor, leak, lender, noncash, NOVO, Philadelphia, portray, prepaid, pro, professional, ramp, rank, rata, rehearing, relocation, rescission, rescissory, show, subordinated, swing, underwritten, vacate

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Exhibit 12.1

ENERGY TRANSFER EQUITY, L.P.

Computation of Ratio of Earnings to Fixed Charges

(in millions, except for ratio amounts)

(Unaudited)



	Nine months ended
	September 30, 2017
Fixed Charges:
Interest expense, net	$	1,493
Capitalized interest	177
Interest charges included in rental expense	9
Total fixed charges	1,679
Earnings:
Loss before income tax expense and noncontrolling interest	1,378
Less: equity in earnings of unconsolidated affiliates	228
Total earnings	1,150
Add:
Fixed charges	1,679
Amortization of capitalized interest	15
Distributed income of equity investees	211
Less:
Interest capitalized	(177		)
Income available for fixed charges	$	2,878

Ratio of earnings to fixed charges	1.71