EXHIBIT 12.1
FelCor Lodging Limited Partnership/FelCor Lodging Trust Incorporated
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||
Pre-tax loss from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | (5,479 | ) | (31,394 | ) | (101,719 | ) | (81,120 | ) | (51,333 | ) | ||||||||||
Fixed charges: | ||||||||||||||||||||
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebetedness | 119,825 | 127,581 | 140,361 | 156,915 | 156,717 | |||||||||||||||
Amortization of capitalized interest | 1,459 | 1,051 | 901 | 818 | 1,140 | |||||||||||||||
Distributed income of equity investees | 3,632 | 1,062 | 11,932 | 2,212 | 2,196 | |||||||||||||||
Interest capitalized | (4,916 | ) | (1,874 | ) | (1,489 | ) | (588 | ) | (775 | ) | ||||||||||
Earnings | 114,521 | 96,426 | 49,986 | 78,237 | 107,945 | |||||||||||||||
Fixed charges | 119,825 | 127,581 | 140,361 | 156,915 | 156,717 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 0.96 | 0.76 | 0.36 | 0.50 | 0.69 | |||||||||||||||
Deficiency | 5,304 | 31,155 | 90,375 | 78,678 | 48,772 |