EX-12.2 3 hst-ex122_8.htm EX-12.2 hst-ex122_8.htm

Exhibit 12.2

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

 

Year-to-date ended

September 30,

 

 

 

2015

 

 

2014

 

Income from continuing operations before income taxes

 

$

418

 

 

$

506

 

Add (deduct):

 

 

 

 

 

 

 

 

Fixed charges

 

 

196

 

 

 

189

 

Capitalized interest

 

 

(3

)

 

 

(5

)

Amortization of capitalized interest

 

 

5

 

 

 

8

 

Equity in (earnings) losses related to equity method investees

 

 

(27

)

 

 

4

 

Distributions from equity investments

 

 

9

 

 

 

—

 

Adjusted earnings

 

$

598

 

 

$

702

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

173

 

 

$

164

 

Capitalized interest

 

 

3

 

 

 

5

 

Portion of rents representative of the interest factor

 

 

20

 

 

 

20

 

Total fixed charges

 

$

196

 

 

$

189

 

Ratio of earnings to fixed charges

 

 

3.1

 

 

 

3.7