OMEGA HEALTHCARE INVESTORS INC - FORM 10-K - EX-12.2 - RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS - March 1, 2010

Attached files

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10-K - OMEGA 2009 10-K FILINGS - OMEGA HEALTHCARE INVESTORS INCform_10k.htm
EX-3.2 - CUMULATIVE ARTICLES OF INCORPORATION - OMEGA HEALTHCARE INVESTORS INCex3_2.htm
EX-21 - SUBSIDIARIES OF REGISTRANT - OMEGA HEALTHCARE INVESTORS INCex_21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - OMEGA HEALTHCARE INVESTORS INCex_23.htm
EX-4.1F - SUPPLEMENTAL INDENTURE - SENIOR NOTES DUE 2014 - OMEGA HEALTHCARE INVESTORS INCex4_1f.htm
EX-4.2C - SUPPLEMENTAL INDENTURE - SENIOR NOTES DUE 2016 - OMEGA HEALTHCARE INVESTORS INCex4_2c.htm
EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - OMEGA HEALTHCARE INVESTORS INCex12_1.htm
EX-31.1 - CEO CERTIFICATIONS - OMEGA HEALTHCARE INVESTORS INCex31_1.htm
EX-32.2 - CFO CERTIFICATIONS - OMEGA HEALTHCARE INVESTORS INCex32_2.htm
EX-31.2 - CFO CERTIFICATIONS - OMEGA HEALTHCARE INVESTORS INCex31_2.htm
EX-32.1 - CEO CERTIFICATIONS - OMEGA HEALTHCARE INVESTORS INCex32_1.htm

 
 
 

Exhibit 12.2

RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The following table sets forth our ratio of earnings to combined fixed charges and preferred stock dividends on a reported basis for the periods indicated.  Earnings consist of income from continuing operations plus fixed charges.  Fixed charges consist of interest expense and amortization of deferred financing costs.  We have calculated the ratio of earnings to combined fixed charges and preferred stock dividends by adding net income from continuing operations to fixed charges and dividing that sum by such fixed charges plus preferred dividends, irrespective of whether or not such dividends were actually paid.


   
Year Ended December 31,
  
   
2005
    
2006
    
2007
    
2008
    
2009
  
   
(in thousands)
  
Income from continuing operations before income taxes
   $ 39,674     $ 58,252     $ 67,591     $ 77,619     $ 82,111  
Interest expense
     34,771       47,611       44,092       39,746       39,075  
Income before fixed charges
   $ 74,445     $ 105,863     $ 111,683     $ 117,365     $ 121,186  
                                         
Interest expense
   $ 34,771     $ 47,611     $ 44,092     $ 39,746     $ 39,075  
Preferred stock dividends
     11,385       9,923       9,923       9,714       9,086  
Total fixed charges and preferred dividends
   $ 46,156     $ 57,534     $ 54,015     $ 49,460     $ 48,161  
 
Earnings / combined fixed charges and preferred dividends coverage ratio
     1.6 x     1.8 x     2.1 x     2.4 x     2.5 x

 
 
 

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