EX-12.1 3 a2013q2s-4exh121ratios.htm RATIOS 2013 Q2 S-4 Exh 12.1 Ratios


Exhibit 12.1

FelCor Lodging Limited Partnership

Computation of Ratio of Earnings To Fixed Charges

 
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
 
 
 
 
 
 
 Income (loss) from continuing operations
(188,342
)
 
(133,522
)
 
(111,755
)
 
(89,487
)
 
(47,225
)
 Equity in income of unconsolidated entities
(2,779
)
 
2,068

 
(16,916
)
 
4,814

 
10,931

 Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees
(191,121
)
 
(131,454
)
 
(128,671
)
 
(84,673
)
 
(36,294
)
 
 
 
 
 
 
 
 
 
 
 Fixed charges:
 
 
 
 
 
 
 
 
 
 Interest expense
125,484

 
130,658

 
132,331

 
92,275

 
83,271

 Capitalized interest
12,930

 
2,206

 
638

 
767

 
1,350

 The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness
138,414

 
132,864

 
132,969

 
93,042

 
84,621

 
 
 
 
 
 
 
 
 
 
 Amortization of capitalized interest
1,804

 
1,778

 
1,736

 
1,735

 
1,831

 
 
 
 
 
 
 
 
 
 
 Distributed income of equity investees
4,160

 
2,261

 
2,190

 
2,789

 
2,973

 
 
 
 
 
 
 
 
 
 
 Interest capitalized
(12,930
)
 
(2,206
)
 
(638
)
 
(767
)
 
(1,350
)
 
 
 
 
 
 
 
 
 
 
 Earnings
(59,673
)
 
3,243

 
7,586

 
12,126

 
51,781

 
 
 
 
 
 
 
 
 
 
 Fixed charges
138,414

 
132,864

 
132,969

 
93,042

 
84,621

 
 
 
 
 
 
 
 
 
 
 Ratio of Earnings to Fixed Charges
(0.43
)
 
0.02

 
0.06

 
0.13

 
0.61

 
 
 
 
 
 
 
 
 
 
 Deficiency
198,087

 
129,621

 
125,383

 
80,916

 
32,840