Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HOST HOTELS & RESORTS, INC. | Financial_Report.xls |
| 10-Q - FORM 10-Q - HOST HOTELS & RESORTS, INC. | d10q.htm |
| EX-32 - EXHIBIT 32 - HOST HOTELS & RESORTS, INC. | dex32.htm |
| EX-31.1 - EXHIBIT 31.1 - HOST HOTELS & RESORTS, INC. | dex311.htm |
| EX-31.2 - EXHIBIT 31.2 - HOST HOTELS & RESORTS, INC. | dex312.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(in millions, except ratio amounts)
| Year-to-date ended | ||||||||
| September 11, 2009 |
September 5, 2008 |
|||||||
| Income (loss) from continuing operations before income taxes |
$ | (213 | ) | $ | 278 | |||
| Add (deduct): |
||||||||
| Fixed charges |
313 | 312 | ||||||
| Capitalized interest |
(6 | ) | (8 | ) | ||||
| Amortization of capitalized interest |
4 | 4 | ||||||
| Equity in (earnings)/losses related to certain 50% or less owned affiliates |
36 | (3 | ) | |||||
| Distributions from equity investments |
1 | 3 | ||||||
| Dividends on preferred stock |
(6 | ) | (6 | ) | ||||
| Adjusted earnings |
$ | 129 | $ | 580 | ||||
| Fixed charges: |
||||||||
| Interest on indebtedness and amortization of deferred financing costs |
$ | 264 | $ | 262 | ||||
| Capitalized interest |
6 | 8 | ||||||
| Dividends on preferred stock |
6 | 6 | ||||||
| Portion of rents representative of the interest factor |
37 | 36 | ||||||
| Total fixed charges and preferred stock dividends |
$ | 313 | $ | 312 | ||||
| Ratio of earning to fixed charges and preferred stock dividends |
— | 1.9 | ||||||
| Deficiency of earnings to fixed charges and preferred stock dividends |
$ | (184 | ) | $ | — | |||
39