EX-12 9 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

 

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(a)

Sunoco, Inc. and Subsidiaries

 

(Millions of Dollars, Except Ratio)


 

     For the Year
Ended
December 31,
2005


 

Fixed Charges:

        

Consolidated interest cost and debt expense

   $ 94  

Interest allocable to rental expense(b)

     66  
    


Total

   $ 160  
    


Earnings:

        

Consolidated income before income tax expense

   $ 1,580  

Minority interest in net income of subsidiaries having fixed charges

     33  

Proportionate share of income tax expense of 50 percent-owned-but-not-controlled investees

     3  

Equity income of less-than-50-percent-owned investees

     (14 )

Dividends received from less-than-50-percent-owned investees

     14  

Fixed charges

     160  

Interest capitalized

     (25 )

Amortization of previously capitalized interest

     2  
    


Total

   $ 1,753  
    


Ratio of Earnings to Fixed Charges

     10.96  
    



(a)   The consolidated financial statements of Sunoco, Inc. and subsidiaries contain the accounts of all entities that are controlled and variable interest entities for which the Company is the primary beneficiary. Corporate joint ventures and other investees over which the Company has the ability to exercise significant influence that are not consolidated are accounted for by the equity method.
(b)   Represents one-third of total operating lease rental expense which is that portion deemed to be interest.