Attached files
EXHIBIT 12
ASHFORD HOSPITALITY PRIME, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
Year Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings | |||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes and noncontrolling interests | $ | (4,428 | ) | $ | 4,635 | $ | (15,585 | ) | $ | 591 | $ | 2,273 | |||||||
Add: | |||||||||||||||||||
Interest on indebtedness | 35,254 | 37,203 | 32,266 | 29,991 | 30,525 | ||||||||||||||
Amortization of loan costs | 2,575 | 1,828 | 745 | 1,253 | 1,278 | ||||||||||||||
Interest component of operating leases | 353 | 264 | 227 | 220 | 182 | ||||||||||||||
$ | 33,754 | $ | 43,930 | $ | 17,653 | $ | 32,055 | $ | 34,258 | ||||||||||
Fixed charges | |||||||||||||||||||
Interest on indebtedness | $ | 35,254 | $ | 37,203 | $ | 32,266 | $ | 29,991 | $ | 30,525 | |||||||||
Amortization of loan costs | 2,575 | 1,828 | 745 | 1,253 | 1,278 | ||||||||||||||
Interest component of operating leases | 353 | 264 | 227 | 220 | 182 | ||||||||||||||
$ | 38,182 | $ | 39,295 | $ | 33,238 | $ | 31,464 | $ | 31,985 | ||||||||||
Preferred stock dividends | |||||||||||||||||||
Series A Preferred Stock | $ | 1,867 | $ | — | $ | — | $ | — | $ | — | |||||||||
Series B Preferred Stock | 119 | — | — | — | — | ||||||||||||||
$ | 1,986 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Combined fixed charges and preferred stock dividends | $ | 40,168 | $ | 39,295 | $ | 33,238 | $ | 31,464 | $ | 31,985 | |||||||||
Ratio of earnings to fixed charges | 1.12 | 1.02 | 1.07 | ||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.12 | 1.02 | 1.07 | ||||||||||||||||
Deficit (Fixed charges) | $ | 4,428 | $ | 15,585 | |||||||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 6,414 | $ | 15,585 |