Attached files
| file | filename |
|---|---|
| 10-K - 10-K - FIVE STAR SENIOR LIVING INC. | a2202117z10-k.htm |
| EX-10.3 - EX-10.3 - FIVE STAR SENIOR LIVING INC. | a2202117zex-10_3.htm |
| EX-32.1 - EX-32.1 - FIVE STAR SENIOR LIVING INC. | a2202117zex-32_1.htm |
| EX-31.2 - EX-31.2 - FIVE STAR SENIOR LIVING INC. | a2202117zex-31_2.htm |
| EX-23.1 - EX-23.1 - FIVE STAR SENIOR LIVING INC. | a2202117zex-23_1.htm |
| EX-21.1 - EX-21.1 - FIVE STAR SENIOR LIVING INC. | a2202117zex-21_1.htm |
| EX-31.1 - EX-31.1 - FIVE STAR SENIOR LIVING INC. | a2202117zex-31_1.htm |
| EX-10.29 - EX-10.29 - FIVE STAR SENIOR LIVING INC. | a2202117zex-10_29.htm |
Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
|
|
|
Year ended December 31, |
| |||||||||||||
|
|
|
2010 |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
| |||||
|
Consolidated earnings (loss) |
|
$ |
192,339 |
|
$ |
175,989 |
|
$ |
125,300 |
|
$ |
132,673 |
|
$ |
(20,825 |
) |
|
Consolidated fixed charges |
|
166,128 |
|
134,096 |
|
126,523 |
|
106,045 |
|
90,472 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of consolidated earnings to fixed charges |
|
1.2x |
|
1.3x |
|
1.0x |
|
1.3x |
|
N/M |
| |||||
|
Deficiency |
|
— |
|
— |
|
— |
|
— |
|
111,297 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Calculation of consolidated earnings (loss): |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Consolidated income (loss) from continuing operations before income tax |
|
$ |
26,211 |
|
$ |
41,893 |
|
$ |
(1,223 |
) |
$ |
26,628 |
|
$ |
(111,297 |
) |
|
Consolidated fixed charges |
|
166,128 |
|
134,096 |
|
126,523 |
|
106,045 |
|
90,472 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Consolidated earnings (loss) |
|
$ |
192,339 |
|
$ |
175,989 |
|
$ |
125,300 |
|
$ |
132,673 |
|
$ |
(20,825 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Calculation of fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense |
|
$ |
2,945 |
|
$ |
4,235 |
|
$ |
6,070 |
|
$ |
6,335 |
|
$ |
3,791 |
|
|
Estimated interest component of rent expense |
|
163,083 |
|
129,731 |
|
120,186 |
|
99,243 |
|
86,108 |
| |||||
|
Amortization of debt discounts / premium |
|
— |
|
— |
|
34 |
|
49 |
|
191 |
| |||||
|
Amortization of capitalized deferred finance costs |
|
100 |
|
130 |
|
233 |
|
418 |
|
382 |
| |||||
|
Fixed charges |
|
$ |
166,128 |
|
$ |
134,096 |
|
$ |
126,523 |
|
$ |
106,045 |
|
$ |
90,472 |
|