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Exhibit 12.2
HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
|
| Year-to-date ended June 30, |
| |||||
|
| 2015 |
|
| 2014 |
| ||
Income from continuing operations before income taxes |
| $ | 324 |
|
| $ | 355 |
|
Add (deduct): |
|
|
|
|
|
|
|
|
Fixed charges |
|
| 139 |
|
|
| 130 |
|
Capitalized interest |
|
| (2 | ) |
|
| (3 | ) |
Amortization of capitalized interest |
|
| 4 |
|
|
| 6 |
|
Equity in (earnings) losses related to equity method investees |
|
| (20 | ) |
|
| 3 |
|
Distributions from equity investments |
|
| 7 |
|
|
| — |
|
Adjusted earnings |
| $ | 452 |
|
| $ | 491 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
Interest on indebtedness and amortization of deferred financing costs |
| $ | 124 |
|
| $ | 113 |
|
Capitalized interest |
|
| 2 |
|
|
| 3 |
|
Portion of rents representative of the interest factor |
|
| 13 |
|
|
| 14 |
|
Total fixed charges |
| $ | 139 |
|
| $ | 130 |
|
Ratio of earnings to fixed charges |
|
| 3.3 |
|
|
| 3.8 |
|