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Previous: SUNOCO INC, 10-Q, 2000-11-03 |
Next: SUNOCO INC, 10-Q, EX-27.1, 2000-11-03 |
<PAGE>
EXHIBIT 12
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(a)
Sunoco, Inc. and Subsidiaries
(Millions of Dollars Except Ratio)
--------------------------------------------------------------------------------
For the Nine
Months Ended
September 30, 2000
------------------
(UNAUDITED)
Fixed Charges:
Consolidated interest cost and debt expense $ 63
Interest allocable to rental expense(b) 29
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Total $ 92
=====
Earnings:
Consolidated income from continuing operations
before income tax expense $ 381
Proportionate share of income tax expense of
50 percent owned but not controlled affiliated
companies 3
Equity in income of less than 50 percent owned
affiliated companies (18)
Dividends received from less than 50 percent
owned affiliated companies 11
Fixed charges 92
Interest capitalized (2)
Amortization of previously capitalized interest --
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Total $ 467
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Ratio of Earnings to Fixed Charges 5.08
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___________
(a) The consolidated financial statements of Sunoco, Inc. and subsidiaries
contain the accounts of all subsidiaries that are controlled (generally more
than 50 percent owned). Affiliated companies over which the Company has the
ability to exercise significant influence but that are not controlled
(generally 20 to 50 percent owned) 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.
29
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