Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TAUBMAN CENTERS INC | a2017q2exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - TAUBMAN CENTERS INC | a2017q2exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - TAUBMAN CENTERS INC | a2017q2exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - TAUBMAN CENTERS INC | a2017q2exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - TAUBMAN CENTERS INC | a2017q2exhibit101.htm |
| 10-Q - 10-Q - TAUBMAN CENTERS INC | tco-063017x10q.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 | ||||||||
2017 | 2016 | |||||||
Income before income tax expense and equity in income of Unconsolidated Joint Ventures | $ | 27,367 | $ | 68,429 | ||||
Add back: | ||||||||
Fixed charges | 63,523 | 54,103 | ||||||
Amortization of previously capitalized interest | 1,492 | 1,398 | ||||||
Distributed income of Unconsolidated Joint Ventures | 33,376 | 34,388 | ||||||
Deduct: | ||||||||
Capitalized interest | (6,834 | ) | (12,375 | ) | ||||
Earnings available for fixed charges and preferred dividends | $ | 118,924 | $ | 145,943 | ||||
Fixed charges: | ||||||||
Interest expense | $ | 52,292 | $ | 39,716 | ||||
Capitalized interest | 6,834 | 12,375 | ||||||
Interest portion of rent expense | 4,397 | 2,012 | ||||||
Total fixed charges | $ | 63,523 | $ | 54,103 | ||||
Preferred dividends | 11,569 | 11,569 | ||||||
Total fixed charges and preferred dividends | $ | 75,092 | $ | 65,672 | ||||
Ratio of earnings to fixed charges and preferred dividends | 1.6 | 2.2 | ||||||