Exhibit 12.1
FelCor Lodging Limited Partnership
Computation of Ratio of Earnings To Fixed Charges
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||
Income (loss) from continuing operations | (188,342 | ) | (133,522 | ) | (111,755 | ) | (89,487 | ) | (47,225 | ) | ||||
Equity in income of unconsolidated entities | (2,779 | ) | 2,068 | (16,916 | ) | 4,814 | 10,931 | |||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | (191,121 | ) | (131,454 | ) | (128,671 | ) | (84,673 | ) | (36,294 | ) | ||||
Fixed charges: | ||||||||||||||
Interest expense | 125,484 | 130,658 | 132,331 | 92,275 | 83,271 | |||||||||
Capitalized interest | 12,930 | 2,206 | 638 | 767 | 1,350 | |||||||||
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness | 138,414 | 132,864 | 132,969 | 93,042 | 84,621 | |||||||||
Amortization of capitalized interest | 1,804 | 1,778 | 1,736 | 1,735 | 1,831 | |||||||||
Distributed income of equity investees | 4,160 | 2,261 | 2,190 | 2,789 | 2,973 | |||||||||
Interest capitalized | (12,930 | ) | (2,206 | ) | (638 | ) | (767 | ) | (1,350 | ) | ||||
Earnings | (59,673 | ) | 3,243 | 7,586 | 12,126 | 51,781 | ||||||||
Fixed charges | 138,414 | 132,864 | 132,969 | 93,042 | 84,621 | |||||||||
Ratio of Earnings to Fixed Charges | (0.43 | ) | 0.02 | 0.06 | 0.13 | 0.61 | ||||||||
Deficiency | 198,087 | 129,621 | 125,383 | 80,916 | 32,840 | |||||||||