- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigious | ||
Readability |
H.S. freshman Avg
|
EXHIBIT 12.2
HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED UNIT DISTRIBUTIONS
(in millions, except ratio amounts)
|
| 2015 |
|
| 2014 |
|
| 2013 |
|
| 2012 |
|
| 2011 |
| |||||
Income from continuing operations before income taxes |
| $ | 580 |
|
| $ | 761 |
|
| $ | 231 |
|
| $ | 23 |
|
| $ | (28 | ) |
Add (deduct): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
|
| 265 |
|
|
| 247 |
|
|
| 337 |
|
|
| 428 |
|
|
| 421 |
|
Capitalized interest |
|
| (5 | ) |
|
| (7 | ) |
|
| (6 | ) |
|
| (6 | ) |
|
| (4 | ) |
Amortization of capitalized interest |
|
| 7 |
|
|
| 10 |
|
|
| 6 |
|
|
| 7 |
|
|
| 7 |
|
Distributions from equity investments |
|
| 17 |
|
|
| — |
|
|
| — |
|
|
| 3 |
|
|
| — |
|
Equity in (earnings) losses related to equity method investees |
|
| (70 | ) |
|
| (26 | ) |
|
| 17 |
|
|
| (2 | ) |
|
| (4 | ) |
Adjusted earnings |
| $ | 794 |
|
| $ | 985 |
|
| $ | 585 |
|
| $ | 453 |
|
| $ | 392 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest on indebtedness and amortization of deferred financing costs |
| $ | 234 |
|
| $ | 214 |
|
| $ | 304 |
|
| $ | 373 |
|
| $ | 371 |
|
Capitalized interest |
|
| 5 |
|
|
| 7 |
|
|
| 6 |
|
|
| 6 |
|
|
| 4 |
|
Portion of rents representative of the interest factor |
|
| 26 |
|
|
| 26 |
|
|
| 27 |
|
|
| 49 |
|
|
| 46 |
|
Total fixed charges and preferred unit distributions |
| $ | 265 |
|
| $ | 247 |
|
| $ | 337 |
|
| $ | 428 |
|
| $ | 421 |
|
Ratio of earnings to fixed charges and preferred unit distributions |
|
| 3.0 |
|
|
| 4.0 |
|
|
| 1.7 |
|
|
| 1.1 |
|
|
|
|
|
Deficiency of earnings to fixed charges and preferred unit distributions |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
| $ | (29 | ) |