Hilton Worldwide Holdings Inc. - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - April 29, 2015

Attached files

file filename
10-Q - 10-Q - Hilton Worldwide Holdings Inc.q12015hwhfsandmda.htm
EX-4.1 - THIRD SUPPLEMENTAL INDENTURE - Hilton Worldwide Holdings Inc.q12015exhibit101_3rdsuppxi.htm
EXCEL - IDEA: XBRL DOCUMENT - Hilton Worldwide Holdings Inc.Financial_Report.xls
EX-10.3 - NONQUALIFIED STOCK OPTION AGREEMENT - Hilton Worldwide Holdings Inc.exhibit103-formof2015nonqu.htm
EX-10.2 - RESTRICTED STOCK UNIT AGREEMENT - Hilton Worldwide Holdings Inc.exhibit102-formof2015restr.htm
EX-99.1 - SECTION 13(R) DISCLOSURES - Hilton Worldwide Holdings Inc.q12015exhibit991_13r.htm
EX-32.1 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc.q12015exhibit321_ceoxcerti.htm
EX-31.2 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc.q12015exhibit312_cfoxcerti.htm
EX-32.2 - SECTION 906 CERTIFICATION - Hilton Worldwide Holdings Inc.q12015exhibit322_cfoxcerti.htm
EX-31.1 - SECTION 302 CERTIFICATION - Hilton Worldwide Holdings Inc.q12015exhibit311_ceoxcerti.htm
EX-10.1 - PERFORMANCE SHARE AGREEMENT - Hilton Worldwide Holdings Inc.exhibit101-formof2015perfo.htm


EXHIBIT 12
HILTON WORLDWIDE HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio amounts)
(unaudited)

 
Three Months Ended
March 31,
 
2015
 
2014
Earnings:
 
 
 
Income before taxes
$
313

 
$
207

Equity in earnings from unconsolidated affiliates
(4
)
 
(4
)
 
309

 
203

Add:
 
 
 
Fixed charges
175

 
187

Distributed income of equity method investees
12

 
2

Subtract:
 
 
 
Interest capitalized
(1
)
 
(1
)
Earnings available for fixed charges
$
495

 
$
391

 
 
 
 
Fixed Charges:
 
 
 
Interest expense(1)
$
144

 
$
153

Interest capitalized
1

 
1

Estimated interest included in rent expense
30

 
33

Total Fixed Charges
$
175

 
$
187

 
 
 
 
Ratio of Earnings to Fixed Charges
2.8

 
2.1

____________
(1)    Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.




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