Attached files
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, | |||||||
2017 | 2016 | ||||||
Earnings: | |||||||
Income from continuing operations before income taxes | $ | 110 | $ | 70 | |||
Equity in earnings from unconsolidated affiliates | (1 | ) | — | ||||
109 | 70 | ||||||
Add: | |||||||
Fixed charges | 126 | 113 | |||||
Distributed income of equity method investees | 1 | — | |||||
Earnings available for fixed charges | $ | 236 | $ | 183 | |||
Fixed Charges: | |||||||
Interest expense(1) | $ | 104 | $ | 90 | |||
Estimated interest included in rent expense | 22 | 23 | |||||
Total Fixed Charges | $ | 126 | $ | 113 | |||
Ratio of Earnings to Fixed Charges | 1.9 | 1.6 | |||||
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(1) Includes the amortization of debt discounts and capitalized expenses related to indebtedness.