Attached files
| file | filename |
|---|---|
| 10-K - 10-K - CC Holdings GS V LLC | gsv10-k123114.htm |
| EX-31.1 - CERTIFICATION OF CEO (302) - CC Holdings GS V LLC | gsvexhibit311123114.htm |
| EX-32.1 - CERTIFICATION OF CEO AND CFO (906) - CC Holdings GS V LLC | gsvexhibit321123114.htm |
| EX-31.2 - CERTIFICATION OF CFO (302) - CC Holdings GS V LLC | gsvexhibit312123114.htm |
| EXCEL - IDEA: XBRL DOCUMENT - CC Holdings GS V LLC | Financial_Report.xls |
EXHIBIT 12
CC HOLDINGS GS V LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES
(DOLLARS IN THOUSANDS)
Years Ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Computation of earnings: | |||||||||||||||||||
Income (loss) before income taxes | $ | 132,405 | $ | 105,376 | $ | 16,681 | $ | 29,190 | $ | (2,202 | ) | ||||||||
Add: | |||||||||||||||||||
Fixed charges (as computed below) | 100,427 | 105,145 | 149,766 | 144,194 | 142,256 | ||||||||||||||
$ | 232,832 | $ | 210,521 | $ | 166,447 | $ | 173,384 | $ | 140,054 | ||||||||||
Computation of fixed charges and combined fixed charges: | |||||||||||||||||||
Interest expense | $ | 50,395 | $ | 50,824 | $ | 91,881 | $ | 93,000 | $ | 93,000 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 2,828 | 7,551 | 12,317 | 5,955 | 5,498 | ||||||||||||||
Interest component of operating lease expense | 47,204 | 46,770 | 45,568 | 45,239 | 43,758 | ||||||||||||||
Fixed charges | 100,427 | 105,145 | 149,766 | 144,194 | 142,256 | ||||||||||||||
Ratio of earnings to fixed charges | 2.3 | 2.0 | 1.1 | 1.2 | — | ||||||||||||||
(Deficiency) excess of earnings to cover fixed charges | $ | 132,405 | $ | 105,376 | $ | 16,681 | $ | 29,190 | $ | (2,202 | ) | ||||||||