EX-12.2 9 p66636ex12-2.txt EX-12.2 STARWOOD HOTELS & RESORTS WORLDWIDE, INC. PROGRAM FOR ANNUAL CLOSING OF ACCOUNTS -------------------------------------------------------------------------------- EXHIBIT 12.2 EXHIBIT 12.2 STARWOOD HOTELS & RESORTS CALCULATION OF RATIO OF EARNINGS TO TOTAL FIXED CHARGES (DOLLARS IN MILLIONS)
PERIOD FROM FEB 23, MARCH 31, YEAR ENDED DECEMBER 31, TO DECEMBER 31, --------- ------------------------------------ ------------------- 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- Earnings: Income from continuing operations ............... $ 87 376 460 $423 $412 Add: Adjustment for distributions in excess of equity earnings and losses ................ (1) 1 3 1 5 Provision for income taxes .................. 1 4 1 2 1 Minority equity in net income ............... -- 1 3 2 10 Amortization of interest capitalized ........ -- 1 1 -- -- ----- ---- --- ---- ---- 87 383 468 428 428 ----- ---- --- ---- ---- Fixed Charges: Interest and other financial charges ........ 9 37 39 47 26 Interest factor attributable to rentals ..... 2 9 -- -- -- ----- ---- --- ---- ---- 11 46 39 47 26 ----- ---- --- ---- ---- Earnings, as adjusted, from continuing operations $ 98 $429 507 $475 $454 ===== ---- === ==== ==== Fixed Charges: Fixed charges above ......................... 11 46 39 $ 47 $ 26 Interest capitalized ........................ -- 1 2 7 7 ----- ---- --- ---- ---- Total fixed charges ......................... 11 47 41 $ 54 $ 33 ===== ---- === ==== ==== Ratio: Earnings, as adjusted, from continuing operations to fixed charges ............... 8.91 9.13 12.37 8.80 13.76 ===== ==== ===== ==== =====