Exhibit 12.2
Five Star Quality Care, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Distributions
(in thousands except ratios)
Nine months ended September 30, | Year ended December 31, | |||||||||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Consolidated earnings | ($79,916 | ) | ($78,930 | ) | ($80,416 | ) | $4,463 | ($6,500 | ) | ($12,925 | ) | $527 | ||||||||||
Consolidated fixed charges | 2,419 | 3,024 | 3,743 | 1,172 | 1,439 | 249 | - | |||||||||||||||
Preferred distributions | - | - | - | - | - | - | - | |||||||||||||||
Ratio of consolidated earnings to fixed charges and preferred distributions | (33.0 | ) | (26.1 | ) | (21.5 | ) | 3.8 | N/M | N/M | N/M | ||||||||||||
Deficiency | 84,754 | 84,978 | 87,902 | N/M | 9,378 | 13,423 | N/M | |||||||||||||||
Calculation of fixed charges: | ||||||||||||||||||||||
Interest expense | $2,131 | $2,682 | $3,348 | $881 | $1,164 | $198 | $0 | |||||||||||||||
Interest expense capitalized | - | - | - | - | - | - | - | |||||||||||||||
Interest component of capitalized lease expense | - | - | - | - | - | - | - | |||||||||||||||
Amortization of debt discounts | - | - | - | - | - | - | - | |||||||||||||||
Amortization of capitalized deferred finance costs | 288 | 342 | 395 | 291 | 275 | 51 | - | |||||||||||||||
Total | $2,419 | $3,024 | $3,743 | $1,172 | $1,439 | $249 | $0 | |||||||||||||||
Calculation of consolidated earnings: | ||||||||||||||||||||||
Consolidated net income | ($82,335 | ) | ($81,954 | ) | ($84,159 | ) | $3,291 | ($7,939 | ) | ($13,174 | ) | $527 | ||||||||||
Consolidated fixed charges | 2,419 | 3,024 | 3,743 | 1,172 | 1,439 | 249 | - | |||||||||||||||
Total | ($79,916 | ) | ($78,930 | ) | ($80,416 | ) | $4,463 | ($6,500 | ) | ($12,925 | ) | $527 |
N/M = Not Meaningful