Equity Commonwealth - FORM 10-K - EX-12.2 - EXHIBIT 12.2 - February 15, 2018

Attached files

file	filename
10-K - 10-K - Equity Commonwealth	eqc12311710-k.htm
EX-32.1 - EXHIBIT 32.1 - Equity Commonwealth	eqc123117exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Equity Commonwealth	eqc123117exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Equity Commonwealth	eqc123117exhibit311.htm
EX-23.1 - EXHIBIT 23.1 - Equity Commonwealth	eqc123117exhibit231.htm
EX-21.1 - EXHIBIT 21.1 - Equity Commonwealth	eqc123117exhibit211.htm
EX-12.1 - EXHIBIT 12.1 - Equity Commonwealth	eqc123117exhibit121.htm
EX-10.25 - EXHIBIT 10.25 - Equity Commonwealth	eqc123117exhibit1025.htm
EX-10.15 - EXHIBIT 10.15 - Equity Commonwealth	eqc123117exhibit1015.htm
EX-10.14 - EXHIBIT 10.14 - Equity Commonwealth	eqc123117exhibit1014.htm
EX-10.13 - EXHIBIT 10.13 - Equity Commonwealth	eqc123117exhibit1013.htm
EX-10.12 - EXHIBIT 10.12 - Equity Commonwealth	eqc123117exhibit1012.htm
EX-10.11 - EXHIBIT 10.11 - Equity Commonwealth	eqc123117exhibit1011.htm
EX-10.10 - EXHIBIT 10.10 - Equity Commonwealth	eqc123117exhibit1010.htm
EX-10.9 - EXHIBIT 10.9 - Equity Commonwealth	eqc123117exhibit109.htm
EX-10.8 - EXHIBIT 10.8 - Equity Commonwealth	eqc123117exhibit108.htm

Exhibit 12.2

EQUITY COMMONWEALTH

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED DISTRIBUTIONS

(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 before preferred distributions	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 and Preferred Distributions:
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees)	$	52,183			$	84,329			$	107,316			$	143,838			$	174,753
Preferred distributions	7,988				17,956				27,924				32,095				44,604
Combined Fixed Charges and Preferred Distributions	$	60,171			$	102,285			$	135,240			$	175,933			$	219,357

Ratio of Earnings to Combined Fixed Charges and Preferred Distributions	1.4		x		3.1x				1.5x				0.8x			(2)	0.6x			(3)


(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 $28,498.


(3)	The deficiency for this period was $82,559.