EX-12.1 5 l99665cexv12w1.txt EXHIBIT 12.1 COMPUTATION OF EARNINGS . . . Exhibit 12.1 HEALTH CARE REIT, INC. STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- (IN THOUSANDS) ------------------------------------------------------------ CONSOLIDATED EARNINGS: Income from continuing operations before extraordinary item 68,062 60,669 67,965 75,550 62,221 Add: Interest Expense 42,101 32,028 34,622 26,916 18,030 Amortization of Loan Expenses 2,373 1,775 1,165 909 685 Equity earnings in less than 50% subsidiary (299) (333) (318) (270) (375) ------ ------- ------ ------ ------ CONSOLIDATED EARNINGS 112,237 94,139 103,434 103,105 80,561 CONSOLIDATED FIXED CHARGES: Interest Expense 42,101 32,028 34,622 26,916 18,030 Capitalized Interest 170 841 3,079 8,578 7,740 Amortization of Loan Expenses 2,373 1,775 1,165 909 685 ------ ------ ------ ------ ------ CONSOLIDATED FIXED CHARGES 44,644 34,644 38,866 36,403 26,455 RATIO 2.51 2.72 2.66 2.83 3.05