EX-12.1 3 exhibit121tofllps-4august2.htm EXHIBIT 12.1 STATEMENT REGARDING RATIOS TO S-4 Exhibit 12.1 to FLLP S-4 August 2011 Earn to Fixed


Exhibit 12.1

 FelCor Lodging Limited Partnership
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Computation of Ratio of Earnings To Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
  June 30,
 
 Year Ended December 31,
 
2011
 
2010
 
2010
 
2009
 
2008
 
2007
 
2006
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(81,584
)
 
$
(15,310
)
 
$
(181,092
)
 
$
(95,846
)
 
$
(41,273
)
 
$
52,843

 
$
2,702

Equity in income of unconsolidated entities
1,552

 
1,188

 
(16,916
)
 
4,814

 
10,932

 
(20,357
)
 
(11,537
)
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees
(80,032
)
 
(14,122
)
 
(198,008
)
 
(91,032
)
 
(30,341
)
 
32,486

 
(8,835
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
68,442

 
70,782

 
139,853

 
100,260

 
92,746

 
89,654

 
106,941

Capitalized interest
511

 
283

 
638

 
767

 
1,350

 
4,808

 
4,917

The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness
68,953

 
71,065

 
140,491

 
101,027

 
94,096

 
94,462

 
111,858

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Amortization of capitalized interest
866

 
865

 
1,736

 
1,735

 
1,831

 
1,736

 
1,359

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Distributed income of equity investees
810

 
1,110

 
2,190

 
2,789

 
2,973

 
947

 
3,632

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Interest capitalized
(511
)
 
(283
)
 
(638
)
 
(767
)
 
(1,350
)
 
(4,808
)
 
(4,917
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Earnings
$
(9,914
)
 
$
58,635

 
$
(54,229
)
 
$
13,752

 
$
67,209

 
$
124,823

 
$
103,097

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Fixed charges
$
68,953

 
$
71,065

 
$
140,491

 
$
101,027

 
$
94,096

 
$
94,462

 
$
111,858

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Ratio of Earnings to Fixed Charges
(0.14
)
 
0.83

 
(0.39
)
 
0.14

 
0.71

 
1.32

 
0.92

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Deficiency
$
78,867

 
$
12,430

 
$
194,720

 
$
87,275

 
$
26,887

 
—

 
8,761