EX-12.1 2 hst-ex121_7.htm EX-12.1 hst-ex121_7.htm

Exhibit 12.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

Quarter ended March 31,

 

 

 

2018

 

 

2017

 

Income from continuing operations before income taxes

 

$

260

 

 

$

155

 

Add (deduct):

 

 

 

 

 

 

 

 

Fixed charges

 

 

51

 

 

 

46

 

Capitalized interest

 

 

—

 

 

 

—

 

Amortization of capitalized interest

 

 

2

 

 

 

2

 

Equity in earnings related to equity method investees

 

 

(10

)

 

 

(7

)

Distributions from investments in affiliates

 

 

4

 

 

 

—

 

Adjusted earnings

 

$

307

 

 

$

196

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

44

 

 

$

39

 

Capitalized interest

 

 

—

 

 

 

—

 

Portion of rents representative of the interest factor

 

 

7

 

 

 

7

 

Total fixed charges

 

$

51

 

 

$

46

 

Ratio of earnings to fixed charges

 

 

6.0

 

 

 

4.3