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-31.2 - EXHIBIT 31.2 - HOST HOTELS & RESORTS, INC. | dex312.htm |
EX-31.1 - EXHIBIT 31.1 - HOST HOTELS & RESORTS, INC. | dex311.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(in millions, except ratio amounts)
Quarter ended | ||||||||
March 26, 2010 |
March 27, 2009 |
|||||||
Loss from continuing operations before income taxes |
$ | (104 | ) | $ | (68 | ) | ||
Add (deduct): |
||||||||
Fixed charges |
110 | 104 | ||||||
Capitalized interest |
(1 | ) | (3 | ) | ||||
Amortization of capitalized interest |
1 | 1 | ||||||
Equity in (earnings)/losses related to certain 50% or less owned affiliates |
5 | 3 | ||||||
Dividends on preferred stock |
(2 | ) | (2 | ) | ||||
Adjusted earnings |
$ | 9 | $ | 35 | ||||
Fixed charges: |
||||||||
Interest on indebtedness and amortization of deferred financing costs |
$ | 96 | $ | 87 | ||||
Capitalized interest |
1 | 3 | ||||||
Dividends on preferred stock |
2 | 2 | ||||||
Portion of rents representative of the interest factor |
11 | 12 | ||||||
Total fixed charges and preferred stock dividends |
$ | 110 | $ | 104 | ||||
Ratio of earning to fixed charges and preferred stock dividends |
| | ||||||
Deficiency of earnings to fixed charges and preferred stock dividends |
$ | (101 | ) | $ | (69 | ) |
36