Exhibit 12.1
FelCor Lodging Limited Partnership | |||||||||||||||||||||||||||
Computation of Ratio of Earnings To Fixed Charges | |||||||||||||||||||||||||||
Six Months Ended | |||||||||||||||||||||||||||
June 30, | Year Ended December 31, | ||||||||||||||||||||||||||
2011 | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||||
Income (loss) from continuing operations | $ | (81,584 | ) | $ | (15,310 | ) | $ | (181,092 | ) | $ | (95,846 | ) | $ | (41,273 | ) | $ | 52,843 | $ | 2,702 | ||||||||
Equity in income of unconsolidated entities | 1,552 | 1,188 | (16,916 | ) | 4,814 | 10,932 | (20,357 | ) | (11,537 | ) | |||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | (80,032 | ) | (14,122 | ) | (198,008 | ) | (91,032 | ) | (30,341 | ) | 32,486 | (8,835 | ) | ||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest expense | 68,442 | 70,782 | 139,853 | 100,260 | 92,746 | 89,654 | 106,941 | ||||||||||||||||||||
Capitalized interest | 511 | 283 | 638 | 767 | 1,350 | 4,808 | 4,917 | ||||||||||||||||||||
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness | 68,953 | 71,065 | 140,491 | 101,027 | 94,096 | 94,462 | 111,858 | ||||||||||||||||||||
Amortization of capitalized interest | 866 | 865 | 1,736 | 1,735 | 1,831 | 1,736 | 1,359 | ||||||||||||||||||||
Distributed income of equity investees | 810 | 1,110 | 2,190 | 2,789 | 2,973 | 947 | 3,632 | ||||||||||||||||||||
Interest capitalized | (511 | ) | (283 | ) | (638 | ) | (767 | ) | (1,350 | ) | (4,808 | ) | (4,917 | ) | |||||||||||||
Earnings | $ | (9,914 | ) | $ | 58,635 | $ | (54,229 | ) | $ | 13,752 | $ | 67,209 | $ | 124,823 | $ | 103,097 | |||||||||||
Fixed charges | $ | 68,953 | $ | 71,065 | $ | 140,491 | $ | 101,027 | $ | 94,096 | $ | 94,462 | $ | 111,858 | |||||||||||||
Ratio of Earnings to Fixed Charges | (0.14 | ) | 0.83 | (0.39 | ) | 0.14 | 0.71 | 1.32 | 0.92 | ||||||||||||||||||
Deficiency | $ | 78,867 | $ | 12,430 | $ | 194,720 | $ | 87,275 | $ | 26,887 | — | 8,761 | |||||||||||||||