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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Good
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- 10-K Annual report
- 3.2 Exhibit 3.2
- 3.3 Exhibit 3.3
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.33 Exhibit 10.33
- 12.1 Exhibit 12.1
- 21.1 Exhibit 21.1
- 23.1 Exhibit 23.1
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 32.1 Exhibit 32.1
- 99.8 Exhibit 99.8
- 99.9 Exhibit 99.9
- 99.14 Exhibit 99.14
- 99.17 Exhibit 99.17
- 99.18 Exhibit 99.18
- 99.21 Exhibit 99.21
- 99.22 Exhibit 99.22
- 99.23 Exhibit 99.23
- 99.24 Exhibit 99.24
- 99.25 Exhibit 99.25
- 99.26 Exhibit 99.26
- 99.27 Exhibit 99.27
- 99.28 Exhibit 99.28
- 99.29 Exhibit 99.29
Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands except ratios)
|
| Year ended December 31, |
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| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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Consolidated earnings (loss) |
| $ | 129,532 |
| $ | 135,075 |
| $ | (18,851 | ) | $ | (5,192 | ) | $ | 68,612 |
|
Consolidated fixed charges |
| 127,714 |
| 107,570 |
| 90,736 |
| 74,499 |
| 63,431 |
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Ratio of consolidated earnings to fixed charges |
| 1.0x |
| 1.3x |
| N/M |
| N/M |
| 1.1x |
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Deficiency |
| — |
| — |
| 109,587 |
| 79,691 |
| — |
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Calculation of consolidated earnings (loss): |
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Consolidated income (loss) from continuing operations before income tax |
| $ | 1,818 |
| $ | 27,505 |
| $ | (109,587 | ) | $ | (79,691 | ) | $ | 5,181 |
|
Consolidated fixed charges |
| 127,714 |
| 107,570 |
| 90,736 |
| 74,499 |
| 63,431 |
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Consolidated earnings (loss) |
| $ | 129,532 |
| $ | 135,075 |
| $ | (18,851 | ) | $ | (5,192 | ) | $ | 68,612 |
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Calculation of fixed charges: |
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Interest expense |
| $ | 6,070 |
| $ | 6,335 |
| $ | 3,791 |
| $ | 3,045 |
| $ | 882 |
|
Estimated interest component of rent expense |
| 121,377 |
| 100,768 |
| 86,372 |
| 70,867 |
| 62,260 |
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Amortization of debt discounts / premium |
| 34 |
| 49 |
| 191 |
| 193 |
| — |
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Amortization of capitalized deferred finance costs |
| 233 |
| 418 |
| 382 |
| 394 |
| 289 |
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Fixed charges |
| $ | 127,714 |
| $ | 107,570 |
| $ | 90,736 |
| $ | 74,499 |
| $ | 63,431 |
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