EX-12.1 2 a06-2154_1ex12d1.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12.1

 

FIVE STAR QUALITY CARE, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands except ratios)

 

 

 

Year ended December 31,

 

 

 

2005

 

2004

 

2003

 

2002

 

2001

 

Consolidated (loss) earnings

 

$

(80,416

)

$

4,461

 

$

(6,500

)

$

(12,925

)

$

527

 

Consolidated fixed charges

 

3,743

 

1,170

 

1,439

 

249

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of consolidated earnings to fixed charges

 

N/M

 

3.8

x

N/M

 

N/M

 

N/M

 

Deficiency

 

87,902

 

—

 

9,378

 

13,423

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

3,348

 

$

880

 

$

1,164

 

$

198

 

$

—

 

Interest expense capitalized

 

—

 

—

 

—

 

—

 

—

 

Interest component of capitalized lease expense

 

—

 

—

 

—

 

—

 

—

 

Amortization of debt discounts

 

—

 

—

 

—

 

—

 

—

 

Amortization of capitalized deferred finance costs

 

395

 

290

 

275

 

51

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

$

3,743

 

$

1,170

 

$

1,439

 

$

249

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of consolidated earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

$

(84,159

)

$

3,291

 

$

(7,939

)

$

(13,174

)

$

527

 

Consolidated fixed charges

 

3,743

 

1,170

 

1,439

 

249

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated earnings (loss)

 

$

(80,416

)

$

4,461

 

$

(6,500

)

$

(12,925

)

$

527