EX-12.1 2 hst-ex121_11.htm EX-12.1 hst-ex121_11.htm

Exhibit 12.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

 

 

Year-to-date ended September 30,

 

 

 

2018

 

 

2017

 

Income from continuing operations before income taxes

 

$

908

 

 

$

541

 

Add (deduct):

 

 

 

 

 

 

 

 

Fixed charges

 

 

157

 

 

 

147

 

Capitalized interest

 

 

(2

)

 

 

(1

)

Amortization of capitalized interest

 

 

6

 

 

 

6

 

Equity in earnings related to equity method investees

 

 

(25

)

 

 

(19

)

Distributions from investments in affiliates

 

 

24

 

 

 

14

 

Adjusted earnings

 

$

1,068

 

 

$

688

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred financing costs

 

$

134

 

 

$

125

 

Capitalized interest

 

 

2

 

 

 

1

 

Portion of rents representative of the interest factor

 

 

21

 

 

 

21

 

Total fixed charges

 

$

157

 

 

$

147

 

Ratio of earnings to fixed charges

 

 

6.8

 

 

 

4.7