EX-12.1 2 hst-ex121_2015063013.htm EX-12.1 hst-ex121_2015063013.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,

 

 

 

2015

 

 

2014

 

Income from continuing operations before income taxes

 

$

324

 

 

$

355

 

Add (deduct):

 

 

 

 

 

 

 

 

Fixed charges

 

 

139

 

 

 

130

 

Capitalized interest

 

 

(2

)

 

 

(3

)

Amortization of capitalized interest

 

 

4

 

 

 

6

 

Equity in (earnings) losses related to equity method investees

 

 

(20

)

 

 

3

 

Distributions from equity investments

 

 

7

 

 

 

—

 

Adjusted earnings

 

$

452

 

 

$

491

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

124

 

 

$

113

 

Capitalized interest

 

 

2

 

 

 

3

 

Portion of rents representative of the interest factor

 

 

13

 

 

 

14

 

Total fixed charges

 

$

139

 

 

$

130

 

Ratio of earnings to fixed charges

 

 

3.3

 

 

 

3.8