EX-12 2 hst-ex121_12.htm EX-12.1 hst-ex121_12.htm

Exhibit 12.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

Year-to-date ended June 30,

 

 

 

2018

 

 

2017

 

Income from continuing operations before income taxes

 

$

488

 

 

$

394

 

Add (deduct):

 

 

 

 

 

 

 

 

Fixed charges

 

 

104

 

 

 

96

 

Capitalized interest

 

 

(1

)

 

 

—

 

Amortization of capitalized interest

 

 

4

 

 

 

4

 

Equity in earnings related to equity method investees

 

 

(19

)

 

 

(15

)

Distributions from investments in affiliates

 

 

17

 

 

 

13

 

Adjusted earnings

 

$

593

 

 

$

492

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

89

 

 

$

82

 

Capitalized interest

 

 

1

 

 

 

—

 

Portion of rents representative of the interest factor

 

 

14

 

 

 

14

 

Total fixed charges

 

$

104

 

 

$

96

 

Ratio of earnings to fixed charges

 

 

5.7

 

 

 

5.1