Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - HOST HOTELS & RESORTS, INC.Financial_Report.xls
10-Q - FORM 10-Q - HOST HOTELS & RESORTS, INC.d10q.htm
EX-32 - EXHIBIT 32 - HOST HOTELS & RESORTS, INC.dex32.htm
EX-31.2 - EXHIBIT 31.2 - HOST HOTELS & RESORTS, INC.dex312.htm
EX-31.1 - EXHIBIT 31.1 - HOST HOTELS & RESORTS, INC.dex311.htm

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(in millions, except ratio amounts)

 

     Quarter ended  
     March 26,
2010
    March 27,
2009
 

Loss from continuing operations before income taxes

   $ (104   $ (68

Add (deduct):

    

Fixed charges

     110        104   

Capitalized interest

     (1     (3

Amortization of capitalized interest

     1        1   

Equity in (earnings)/losses related to certain 50% or less owned affiliates

     5        3   

Dividends on preferred stock

     (2     (2
                

Adjusted earnings

   $ 9      $ 35   
                

Fixed charges:

    

Interest on indebtedness and amortization of deferred financing costs

   $ 96      $ 87   

Capitalized interest

     1        3   

Dividends on preferred stock

     2        2   

Portion of rents representative of the interest factor

     11        12   
                

Total fixed charges and preferred stock dividends

   $ 110      $ 104   
                

Ratio of earning to fixed charges and preferred stock dividends

     —          —     

Deficiency of earnings to fixed charges and preferred stock dividends

   $ (101   $ (69

 

36