FelCor Lodging Trust Incorporated/FelCor Lodging Limited Partnership
Computation of Ratio of Earnings To Fixed Charges
| 1999 | 2000 | 2001 | 2002 | 2003 | Q1 04 | |||||||||||||||||||
| (amounts in thousands) | ||||||||||||||||||||||||
| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 115,219 | 47,832 | (60,322 | ) | (87,077 | ) | (312,435 | ) | (23,182 | ) | ||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebetedness | 130,685 | 159,700 | 159,982 | 165,130 | 167,949 | 41,878 | ||||||||||||||||||
| Amortization of capitalized interest | 1,109 | 1,200 | 1,269 | 1,225 | 1,191 | 325 | ||||||||||||||||||
| Distributed income of equity investees | 19,581 | 25,358 | 8,132 | 11,310 | 8,848 | 1,526 | ||||||||||||||||||
| Interest capitalized | (5,249 | ) | (1,080 | ) | (811 | ) | (775 | ) | (588 | ) | (34 | ) | ||||||||||||
| Earnings | 261,345 | 233,010 | 108,250 | 89,813 | (135,035 | ) | 20,513 | |||||||||||||||||
| Fixed charges | 130,685 | 159,700 | 159,982 | 165,130 | 167,949 | 41,878 | ||||||||||||||||||
| Ratio of Earnings to Fixed Charges | 2.0 | 1.5 | 0.7 | 0.5 | (0.8 | ) | 0.5 | |||||||||||||||||
| Deficiency | 51,732 | 75,317 | 302,984 | 21,365 | ||||||||||||||||||||