EX-12.2 6 dex122.txt EXHIBIT 12.2 EXHIBIT 12.2 HOST MARRIOTT, L.P. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED UNIT DISTRIBUTIONS (In millions, except ratio amounts)
Thirty-six Weeks Ended ------------------------- September 7, September 8, 2001 2000 2000 1999 1998 1997 1996 ------------ ------------ ---- ---- ---- ---- ---- Income from operations before income taxes.... $101 $(154) $105 $240 $174 $ 83 $ (8) Add (deduct): Fixed charges......... 390 362 533 518 415 364 283 Capitalized interest.. (5) (4) (8) (7) (4) (1) (3) Amortization of capitalized interest............. 5 4 6 6 6 5 7 Net gains (losses) related to certain 50% or less owned affiliate............ 6 (2) (24) (6) (1) (1) 1 Minority interest in consolidated affiliates........... 14 11 27 21 52 31 6 ---- ----- ---- ---- ---- ---- ---- Adjusted earnings..... $511 $ 217 $639 $772 $642 $481 $286 ==== ===== ==== ==== ==== ==== ==== Fixed charges: Interest on indebtedness and amortization of deferred financing costs................ $334 $ 315 $466 $469 $335 $288 $237 Dividends on convertible preferred securities of subsidiary trust..... -- -- -- -- 37 37 3 Distributions on preferred limited partner units........ 23 16 20 6 -- -- -- Portion of rents representative of the interest factor...... 33 31 47 43 43 39 33 Debt service guarantee interest expense of unconsolidated affiliates........... -- -- -- -- -- -- 10 ---- ----- ---- ---- ---- ---- ---- Total fixed charges and preferred unit distributions........ $390 $ 362 $533 $518 $415 $364 $283 ==== ===== ==== ==== ==== ==== ==== Ratio of earnings to fixed charges and preferred unit distributions.......... 1.31 -- 1.20 1.49 1.54 1.32 1.01 Deficiency of earnings to fixed charges and preferred unit distributions.......... -- $ 145 -- -- -- -- --