EX-12.1 4 ete-03312018ex121.htm EXHIBIT 12.1
Exhibit 12.1
ENERGY TRANSFER EQUITY, L.P.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratio amounts)
(Unaudited)

| Three Months Ended March 31, 2018
Fixed Charges: |
Interest expense, net | $ | 466 |
Capitalized interest | 81 |
Interest charges included in rental expense | 4 |
Total fixed charges | 551 |
Earnings: |
Income from continuing operations before income tax expense and noncontrolling interest | 716 |
Less: equity in earnings of unconsolidated affiliates | 79 |
Total earnings | 637 |
Add: |
Fixed charges | 551 |
Amortization of capitalized interest | 4 |
Distributed income of equity investees | 61 |
Less: |
Interest capitalized | (81 | )
Income available for fixed charges | $ | 1,172 |
Ratio of earnings to fixed charges | 2.13 |