EX-12 32 dex12.txt EXHIBIT 12 Exhibit 12 MERISTAR HOSPITALITY CORPORATION Statement Regarding Computation of Ratios
Year Ended December 31, ------------------------------------------------------------- 1997 1998 1999 2000 2001 ---- ---- ---- ---- ---- Income before minority interests, income tax expense and extraordinary items (1) $ 40,488 $ 69,528 $ 116,667 $ 111,650 $ (42,053) Fixed charges: Interest expense 21,024 64,378 100,398 117,524 122,376 Interest capitalized 442 5,182 12,540 8,613 6,098 Amortization of debt expense 920 1,635 3,143 3,951 4,651 Preferred distributions to minority interests 488 650 574 574 574 Rent deemed as interest 26 11 - - ------------------------------------------------------------------ Total fixed charges 22,900 71,856 116,655 130,662 133,699 ------------------------------------------------------------------ Income before minority interest, income tax expense, extraordinary items and fixed charges (excluding capitalized interest and preferred distributions to minority interests) 62,458 135,552 220,208 233,125 84,974 Divided by fixed charges 22,900 71,856 116,655 130,662 133,699 Ratio of earnings to fixed charges 2.73 1.89 1.89 1.78 0.64
(1) This amount is before minority interests since the minority interests relate to majority-owned subsidiaries that have fixed charges.