Equity Commonwealth - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 15, 2018

Attached files

file filename
10-K - 10-K - Equity Commonwealtheqc12311710-k.htm
EX-32.1 - EXHIBIT 32.1 - Equity Commonwealtheqc123117exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Equity Commonwealtheqc123117exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Equity Commonwealtheqc123117exhibit311.htm
EX-23.1 - EXHIBIT 23.1 - Equity Commonwealtheqc123117exhibit231.htm
EX-21.1 - EXHIBIT 21.1 - Equity Commonwealtheqc123117exhibit211.htm
EX-12.2 - EXHIBIT 12.2 - Equity Commonwealtheqc123117exhibit122.htm
EX-10.25 - EXHIBIT 10.25 - Equity Commonwealtheqc123117exhibit1025.htm
EX-10.15 - EXHIBIT 10.15 - Equity Commonwealtheqc123117exhibit1015.htm
EX-10.14 - EXHIBIT 10.14 - Equity Commonwealtheqc123117exhibit1014.htm
EX-10.13 - EXHIBIT 10.13 - Equity Commonwealtheqc123117exhibit1013.htm
EX-10.12 - EXHIBIT 10.12 - Equity Commonwealtheqc123117exhibit1012.htm
EX-10.11 - EXHIBIT 10.11 - Equity Commonwealtheqc123117exhibit1011.htm
EX-10.10 - EXHIBIT 10.10 - Equity Commonwealtheqc123117exhibit1010.htm
EX-10.9 - EXHIBIT 10.9 - Equity Commonwealtheqc123117exhibit109.htm
EX-10.8 - EXHIBIT 10.8 - Equity Commonwealtheqc123117exhibit108.htm



Exhibit 12.1
EQUITY COMMONWEALTH
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)

 
Year Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013(1)
 
Earnings:
 

 
 

 
 

 
 

 
 

 
Income (loss) from continuing operations before income tax expense and equity in earnings of investees
$
30,166

 
$
233,639

 
$
102,221

 
$
(63
)
 
$
(62,034
)
 
Gains on equity transactions of investees
—

 
—

 
—

 
(17,020
)
 
—

 
Fixed charges
52,183

 
84,329

 
107,316

 
143,838

 
174,753

 
Distributions from investees
—

 
—

 
—

 
20,680

 
24,079

 
Adjusted Earnings
$
82,349

 
$
317,968

 
$
209,537

 
$
147,435

 
$
136,798

 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 

 
 

 
 

 
 

 
 

 
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees)
$
52,183

 
$
84,329

 
$
107,316

 
$
143,838

 
$
174,753

 
Total Fixed Charges
$
52,183

 
$
84,329

 
$
107,316

 
$
143,838

 
$
174,753

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
1.6
x
 
3.8x

 
2.0x

 
1.0x

 
0.8x

(2)
 
 
 
 
 
 
 
 
 
 
 

(1)
Reclassifications have been made to the prior years' financial statements to conform to the current year's presentation.
(2)
The deficiency for this period was $37,995.



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