Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - TAUBMAN CENTERS INC | Financial_Report.xls |
| EX-99 - EXHIBIT - TAUBMAN CENTERS INC | a2014q2exhibit99.htm |
| EX-31.1 - EXHIBIT - TAUBMAN CENTERS INC | a2014q2exhibit311.htm |
| EX-31.2 - EXHIBIT - TAUBMAN CENTERS INC | a2014q2exhibit312.htm |
| EX-32.2 - EXHIBIT - TAUBMAN CENTERS INC | a2014q2exhibit322.htm |
| EX-32.1 - EXHIBIT - TAUBMAN CENTERS INC | a2014q2exhibit321.htm |
| 10-Q - 10-Q - TAUBMAN CENTERS INC | tco-63014x10q.htm |
Exhibit 12 | |||||||||
TAUBMAN CENTERS, INC. | |||||||||
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends | |||||||||
(in thousands, except ratios) | |||||||||
Six Months Ended June 30 | |||||||||
2014 | 2013 | ||||||||
Earnings before income from equity investees, taxes, | |||||||||
and gain on dispositions, net of tax | $ | 62,591 | $ | 59,394 | |||||
Add back: | |||||||||
Fixed charges | 65,958 | 77,002 | |||||||
Amortization of previously capitalized interest | 2,105 | 2,221 | |||||||
Distributed income of Unconsolidated Joint Ventures | 26,743 | 21,827 | |||||||
Deduct: | |||||||||
Capitalized interest | (11,672 | ) | (6,874 | ) | |||||
Earnings available for fixed charges and preferred dividends | $ | 145,725 | $ | 153,570 | |||||
Fixed charges: | |||||||||
Interest expense | $ | 51,564 | $ | 67,074 | |||||
Capitalized interest | 11,672 | 6,874 | |||||||
Interest portion of rent expense | 2,722 | 3,054 | |||||||
Total fixed charges | $ | 65,958 | $ | 77,002 | |||||
Preferred dividends | 11,569 | 9,364 | |||||||
Total fixed charges and preferred dividends | $ | 77,527 | $ | 86,366 | |||||
Ratio of earnings to fixed charges and preferred dividends | 1.9 | 1.8 | |||||||