EX-12.2 3 hst-ex122_2014093012.htm EX-12.2

EXHIBIT 12.2

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

 

 

Year-to-date ended

September 30,

 

 

 

 

2014

 

 

2013

 

 

Income from continuing operations before income taxes

 

$

506

 

 

$

171

 

 

Add (deduct):

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

189

 

 

 

269

 

 

Capitalized interest

 

 

(5

)

 

 

(5

)

 

Amortization of capitalized interest

 

 

8

 

 

 

5

 

 

Equity in (earnings) losses related to equity method investees

 

 

4

 

 

 

(3

)

 

Adjusted earnings

 

$

702

 

 

$

437

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

164

 

 

$

244

 

 

Capitalized interest

 

 

5

 

 

 

5

 

 

Portion of rents representative of the interest factor

 

 

20

 

 

 

20

 

 

Total fixed charges

 

$

189

 

 

$

269

 

 

Ratio of earnings to fixed charges

 

 

3.7

 

 

 

1.6