Enterprise Products Partners L.P.

SEC Filings

424B5
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 424B5 on 02/02/2018
Entire Document
 


Table of Contents

Ratio of Earnings to Fixed Charges

Enterprise Parent’s ratio of earnings to fixed charges for each of the periods indicated is as follows:

 

Year Ended December 31,     For the Nine
Months Ended

  September 30,  
 

2012

  2013     2014     2015     2016     2017  
3.6x     3.7x       3.8x       3.2x       3.0x       3.1x  

For purposes of these calculations, “earnings” is the amount resulting from adding and subtracting the following items:

Add the following, as applicable:

 

    consolidated pre-tax income from continuing operations before adjustment for income or loss from equity investees;

 

    fixed charges;

 

    amortization of capitalized interest;

 

    distributed income of equity investees; and

 

    our share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges.

From the subtotal of the added items, subtract the following, as applicable:

 

    interest capitalized;

 

    preference security dividend requirements of consolidated subsidiaries; and

 

    the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges.

The term “fixed charges” means the sum of the following: interest expensed and capitalized; amortized premiums, discounts and capitalized expenses related to indebtedness; an estimate of interest within rental expense; and preference dividend requirements of consolidated subsidiaries.



 

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