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6-K Filing
TotalEnergies SE (TTE) 6-KCurrent report (foreign)
Filed: 27 Oct 17, 12:00am
Exhibit 99.4
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||||||
(Amounts in millions of dollars) | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
Net income(a) | 7,610 | 5,648 | 6,196 | 5,087 | 4,244 | 11,228 | 13,648 | |||||||||||||||||||||
Income tax expenses(a) | 2,257 | 533 | 970 | 1,653 | 8,614 | 14,767 | 16,747 | |||||||||||||||||||||
Non-controlling interests | (41 | ) | 71 | 10 | (301 | ) | 6 | 293 | 188 | |||||||||||||||||||
Equity in income of affiliates (in excess of)/less than dividends received | 96 | (708 | ) | (643 | ) | (311 | ) | 29 | (775 | ) | 272 | |||||||||||||||||
Interest expensed | 750 | 511 | 734 | 742 | 536 | 656 | 649 | |||||||||||||||||||||
Estimate of the interest within rental expense | 407 | 358 | 543 | 477 | 406 | 357 | 334 | |||||||||||||||||||||
Amortization of capitalized interest | 158 | 129 | 161 | 174 | 160 | 135 | 205 | |||||||||||||||||||||
Total(a) | 11,237 | 6,542 | 7,971 | 7,521 | 13,995 | 26,661 | 32,043 | |||||||||||||||||||||
Interest expensed | 750 | 511 | 734 | 742 | 536 | 656 | 649 | |||||||||||||||||||||
Capitalized interest | 352 | 375 | 481 | 362 | 341 | 349 | 333 | |||||||||||||||||||||
Estimate of the interest within rental expense | 407 | 358 | 543 | 477 | 406 | 357 | 334 | |||||||||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | — | |||||||||||||||||||||
Fixed charges | 1,509 | 1,244 | 1,758 | 1,581 | 1,283 | 1,362 | 1,316 | |||||||||||||||||||||
Ratio of earnings to fixed charges(a) | 7.45 | 5.26 | 4.53 | 4.76 | 10.91 | 19.57 | 24.35 |
(a) | Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014, and figures for 2012 have been restated pursuant to the retrospective application of the revised accounting standard IAS 19 from January 1, 2013. |