Attached files
Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
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Year ended December 31, |
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2009 |
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2008 |
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2007 |
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2006 |
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2005 |
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Consolidated earnings (loss) |
|
$ |
176,728 |
|
$ |
129,645 |
|
$ |
134,916 |
|
$ |
(19,153 |
) |
$ |
(5,604 |
) |
Consolidated fixed charges |
|
135,275 |
|
127,638 |
|
107,494 |
|
90,612 |
|
74,473 |
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Ratio of consolidated earnings to fixed charges |
|
1.3x |
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1.0x |
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1.3x |
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N/M |
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N/M |
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Deficiency |
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109,765 |
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80,077 |
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Calculation of consolidated earnings (loss): |
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Consolidated income (loss) from continuing operations before income tax |
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$ |
41,453 |
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$ |
2,007 |
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$ |
27,422 |
|
$ |
(109,765 |
) |
$ |
(80,077 |
) |
Consolidated fixed charges |
|
135,275 |
|
127,638 |
|
107,494 |
|
90,612 |
|
74,473 |
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Consolidated earnings (loss) |
|
$ |
176,728 |
|
$ |
129,645 |
|
$ |
134,916 |
|
$ |
(19,153 |
) |
$ |
(5,604 |
) |
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Calculation of fixed charges: |
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Interest expense |
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$ |
4,235 |
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$ |
6,070 |
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$ |
6,335 |
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$ |
3,791 |
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$ |
3,045 |
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Estimated interest component of rent expense |
|
130,910 |
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121,301 |
|
100,692 |
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86,248 |
|
70,841 |
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Amortization of debt discounts / premium |
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34 |
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49 |
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191 |
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193 |
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Amortization of capitalized deferred finance costs |
|
130 |
|
233 |
|
418 |
|
382 |
|
394 |
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Fixed charges |
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$ |
135,275 |
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$ |
127,638 |
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$ |
107,494 |
|
$ |
90,612 |
|
$ |
74,473 |
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