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Exhibit 12.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
|
| Quarter ended March 31, |
| |||||
|
| 2016 |
|
| 2015 |
| ||
Income from continuing operations before income taxes |
| $ | 175 |
|
| $ | 90 |
|
Add (deduct): |
|
|
|
|
|
|
|
|
Fixed charges |
|
| 47 |
|
|
| 57 |
|
Capitalized interest |
|
| (1 | ) |
|
| (1 | ) |
Amortization of capitalized interest |
|
| 2 |
|
|
| 2 |
|
Equity in earnings related to equity method investees |
|
| (2 | ) |
|
| (3 | ) |
Distributions from equity investments |
|
| 12 |
|
|
| 4 |
|
Adjusted earnings |
| $ | 233 |
|
| $ | 149 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
Interest on indebtedness and amortization of deferred financing costs |
| $ | 39 |
|
| $ | 49 |
|
Capitalized interest |
|
| 1 |
|
|
| 1 |
|
Portion of rents representative of the interest factor |
|
| 7 |
|
|
| 7 |
|
Total fixed charges |
| $ | 47 |
|
| $ | 57 |
|
Ratio of earnings to fixed charges |
|
| 5.0 |
|
|
| 2.6 |
|