EX-12.1 6 l96178bexv12w1.txt EX-12.1 STATEMENT RE COMPUTATION OF EARNINGS Exhibit 12.1 HEALTH CARE REIT, INC. STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED JUNE 30 YEAR ENDED DECEMBER 31 2002 2001 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- ---- (IN THOUSANDS) --------------------------------------------------------------------------------- CONSOLIDATED EARNINGS: Income from continuing operations before extraordinary item 32,922 30,254 60,669 67,965 75,550 62,221 46,392 Add: Interest Expense 20,032 16,089 32,028 34,622 26,916 18,030 15,366 Amortization of Loan Expenses 1,157 764 1,775 1,165 909 685 720 Equity earnings in less than 50% subsidiary (144) (166) (333) (318) (270) (375) ------ ------ ------- ------ ------ ------ ------ CONSOLIDATED EARNINGS 53,967 46,941 94,139 103,434 103,105 80,561 62,478 CONSOLIDATED FIXED CHARGES: Interest Expense 20,032 16,089 32,028 34,622 26,916 18,030 15,366 Capitalized Interest 0 539 841 3,079 8,578 7,740 2,305 Amortization of Loan Expenses 1,157 764 1,775 1,165 909 685 720 ------ ------ ------ ------ ------ ------ ------ CONSOLIDATED FIXED CHARGES 21,189 17,392 34,644 38,866 36,403 26,455 18,391 RATIO 2.55 2.70 2.72 2.66 2.83 3.05 3.40