Attached files

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10-K - 10-K - FIVE STAR SENIOR LIVING INC.a2196365z10-k.htm
EX-21.1 - EXHIBIT 21.1 - FIVE STAR SENIOR LIVING INC.a2196365zex-21_1.htm
EX-31.1 - EXHIBIT 31.1 - FIVE STAR SENIOR LIVING INC.a2196365zex-31_1.htm
EX-99.9 - EXHIBIT 99.9 - FIVE STAR SENIOR LIVING INC.a2196365zex-99_9.htm
EX-10.3 - EXHIBIT 10.3 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_3.htm
EX-31.2 - EXHIBIT 31.2 - FIVE STAR SENIOR LIVING INC.a2196365zex-31_2.htm
EX-23.1 - EXHIBIT 23.1 - FIVE STAR SENIOR LIVING INC.a2196365zex-23_1.htm
EX-32.1 - EXHIBIT 32.1 - FIVE STAR SENIOR LIVING INC.a2196365zex-32_1.htm
EX-99.10 - EXHIBIT 99.10 - FIVE STAR SENIOR LIVING INC.a2196365zex-99_10.htm
EX-10.18 - EXHIBIT 10.18 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_18.htm
EX-99.11 - EXHIBIT 99.11 - FIVE STAR SENIOR LIVING INC.a2196365zex-99_11.htm
EX-10.38 - EXHIBIT 10.38 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_38.htm
EX-10.39 - EXHIBIT 10.39 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_39.htm
EX-99.15 - EXHBIT 99.15 - FIVE STAR SENIOR LIVING INC.a2196365zex-99_15.htm
EX-10.19 - EXHIBIT 10.19 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_19.htm
EX-10.37 - EXHIBIT 10.37 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_37.htm
EX-10.34 - EXHIBIT 10.34 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_34.htm
EX-99.19 - EXHIBIT 99.19 - FIVE STAR SENIOR LIVING INC.a2196365zex-99_19.htm
EX-10.22 - EXHIBIT 10.22 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_22.htm
EX-10.12 - EXHIBIT 10.12 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_12.htm
EX-10.25 - EXHIBIT 10.25 - FIVE STAR SENIOR LIVING INC.a2196365zex-10_25.htm

Exhibit 12.1

 

FIVE STAR QUALITY CARE, INC.

Computation of Ratio of Earnings to Fixed Charges

(in thousands except ratios)

 

 

 

Year ended December 31,

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of consolidated earnings to fixed charges

 

1.3x

 

1.0x

 

1.3x

 

N/M

 

N/M

 

Deficiency

 

 

 

 

109,765

 

80,077

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of consolidated earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

Consolidated income (loss) from continuing operations before income tax

 

$

41,453

 

$

2,007

 

$

27,422

 

$

(109,765

)

$

(80,077

)

Consolidated fixed charges

 

135,275

 

127,638

 

107,494

 

90,612

 

74,473

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated earnings (loss)

 

$

176,728

 

$

129,645

 

$

134,916

 

$

(19,153

)

$

(5,604

)

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

4,235

 

$

6,070

 

$

6,335

 

$

3,791

 

$

3,045

 

Estimated interest component of rent expense

 

130,910

 

121,301

 

100,692

 

86,248

 

70,841

 

Amortization of debt discounts / premium

 

 

34

 

49

 

191

 

193

 

Amortization of capitalized deferred finance costs

 

130

 

233

 

418

 

382

 

394

 

Fixed charges

 

$

135,275

 

$

127,638

 

$

107,494

 

$

90,612

 

$

74,473