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SEC Filings
S-4
SUSSER HOLDINGS CORP filed this Form S-4 on 07/22/2016
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EX-12.2

Exhibit 12.2

RATIO OF EARNINGS TO FIXED CHARGES OF ETP RETAIL HOLDINGS, LLC

(in thousands, except ratios)

(Unaudited)

 

     Year Ended December 31,      Three Months
Ended
 
     2013     2014      2015      March 31,
2016
 
     Actual     Actual      Actual      Actual  

Earnings:

          

Consolidated pretax income (loss) from continuing operations

     172,935        203,074         328,465         20,552   

Noncontrolling interest

          

Fixed charges

     11,230        18,830         —           —     

Amortization of capitalized interest

     —          —           —           —     

Less: equity in earnings (losses) of unconsolidated affiliates

     (33,141     84,976         303,948         20,552   

Add: distributed income of equity investees

     12,204        2,144         48,511         3,829   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total earnings available for fixed charges

     229,510        139,072         73,028         3,829   

Fixed Charges:

       —           

Interest expense

     2,499        7,648         —           —     

Capitalized interest

     —          —           —           —     

Estimated interest portion of rent expense

     8,731        11,182         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Total fixed charges

     11,230        18,830         —           —     

Ratio of earnings to fixed charges

     20.44        7.39         **         **   

 

(**) Beginning in 2015, ETP Retail no longer has fixed charges; therefore, a ratio has not been included as such ratio is not meaningful.
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