- 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 | ||
Litigous | ||
Readability |
H.S. freshman Good
|
Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands except ratios)
|
| Year ended December 31, |
| |||||||||||||
|
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| |||||
Consolidated earnings (loss) |
| $ | 135,075 |
| $ | (18,851 | ) | $ | (5,192 | ) | $ | 68,612 |
| $ | 48,756 |
|
Consolidated fixed charges |
| 107,570 |
| 90,736 |
| 74,499 |
| 63,431 |
| 53,835 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of consolidated earnings to fixed charges |
| 1.3 | x | N/M |
| N/M |
| 1.1 | x | N/M |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Deficiency |
| — |
| 109,587 |
| 79,691 |
| — |
| 5,079 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Calculation of consolidated earnings (loss): |
|
|
|
|
|
|
|
|
|
|
| |||||
Consolidated income (loss) from continuing operations before income tax |
| $ | 27,505 |
| $ | (109,587 | ) | $ | (79,691 | ) | $ | 5,181 |
| $ | (5,079 | ) |
Consolidated fixed charges |
| 107,570 |
| 90,736 |
| 74,499 |
| 63,431 |
| 53,835 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Consolidated earnings (loss) |
| $ | 135,075 |
| $ | (18,851 | ) | $ | (5,192 | ) | $ | 68,612 |
| $ | 48,756 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Calculation of fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| $ | 6,335 |
| $ | 3,791 |
| $ | 3,045 |
| $ | 882 |
| $ | 1,164 |
|
Estimated interest component of rent expense |
| 100,768 |
| 86,372 |
| 70,867 |
| 62,260 |
| 52,396 |
| |||||
Amortization of debt discounts / premium |
| 49 |
| 191 |
| 193 |
| — |
| — |
| |||||
Amortization of capitalized deferred finance costs |
| 418 |
| 382 |
| 394 |
| 289 |
| 275 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
| $ | 107,570 |
| $ | 90,736 |
| $ | 74,499 |
| $ | 63,431 |
| $ | 53,835 |
|