EX-12 2 hst-ex12_20140331167.htm EX-12.1

EXHIBIT 12.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

 

 

Quarter ended March 31,

 

 

 

 

2014

 

 

2013

 

 

Income from continuing operations before income taxes

 

$

69

 

 

$

27

 

 

Add (deduct):

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

67

 

 

 

84

 

 

Capitalized interest

 

 

(2

)

 

 

(1

)

 

Amortization of capitalized interest

 

 

4

 

 

 

2

 

 

Equity in losses related to equity method investees

 

 

8

 

 

 

2

 

 

Adjusted earnings

 

$

146

 

 

$

114

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

58

 

 

$

76

 

 

Capitalized interest

 

 

2

 

 

 

1

 

 

Portion of rents representative of the interest factor

 

 

7

 

 

 

7

 

 

Total fixed charges

 

$

67

 

 

$

84

 

 

Ratio of earnings to fixed charges

 

 

2.2

 

 

 

1.4