Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - ASHFORD HOSPITALITY TRUST INC | Financial_Report.xls |
| EX-32.1 - EXHIBIT 32.1 - ASHFORD HOSPITALITY TRUST INC | aht2014q210-qxex321.htm |
| EX-31.1 - EXHIBIT 31.1 - ASHFORD HOSPITALITY TRUST INC | aht2014q210-qxex311.htm |
| EX-32.2 - EXHIBIT 32.2 - ASHFORD HOSPITALITY TRUST INC | aht2014q210-qxex322.htm |
| EX-31.2 - EXHIBIT 31.2 - ASHFORD HOSPITALITY TRUST INC | aht2014q210-qxex312.htm |
| 10-Q - 10-Q - ASHFORD HOSPITALITY TRUST INC | aht2014q210q.htm |
EXHIBIT 12.0
ASHFORD HOSPITALITY TRUST, INC.
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in thousands)
Six Months Ended | Year Ended December 31, | ||||||||||||||||||||||
June 30, 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes and redeemable noncontrolling interests | $ | (8,608 | ) | $ | (47,047 | ) | $ | (56,183 | ) | $ | 9,383 | $ | (26,280 | ) | $ | (182,933 | ) | ||||||
Amount recorded for (earnings) loss in unconsolidated entities | (7,461 | ) | 23,404 | 20,833 | (14,528 | ) | 20,265 | (2,486 | ) | ||||||||||||||
Add: | |||||||||||||||||||||||
Distributions from equity investment in unconsolidated entities | 498 | — | — | — | 492 | 873 | |||||||||||||||||
Interest on indebtedness | 52,879 | 133,697 | 140,066 | 134,585 | 143,264 | 139,390 | |||||||||||||||||
Amortization of debt expense and premium | 3,568 | 7,772 | 6,194 | 4,648 | 5,838 | 7,700 | |||||||||||||||||
Interest component of operating leases | 61 | 341 | 354 | 385 | 525 | 598 | |||||||||||||||||
$ | 40,937 | $ | 118,167 | $ | 111,264 | $ | 134,473 | $ | 144,104 | $ | (36,858 | ) | |||||||||||
Fixed charges | |||||||||||||||||||||||
Interest on indebtedness | $ | 52,879 | $ | 133,697 | $ | 140,066 | $ | 134,585 | $ | 143,264 | $ | 139,390 | |||||||||||
Amortization of debt expense and premium | 3,568 | 7,772 | 6,194 | 4,648 | 5,838 | 7,700 | |||||||||||||||||
Interest component of operating leases | 61 | 341 | 354 | 385 | 525 | 598 | |||||||||||||||||
Dividends to Class B unit holders | 1,472 | 2,943 | 2,943 | 2,943 | 2,943 | 2,827 | |||||||||||||||||
$ | 57,980 | $ | 144,753 | $ | 149,557 | $ | 142,561 | $ | 152,570 | $ | 150,515 | ||||||||||||
Preferred stock dividends | |||||||||||||||||||||||
Preferred Series A | $ | 1,771 | $ | 3,542 | $ | 3,516 | $ | 3,180 | $ | 3,180 | $ | 3,180 | |||||||||||
Preferred Series B-1 | — | — | — | 1,374 | 4,143 | 4,171 | |||||||||||||||||
Preferred Series D | 10,001 | 20,002 | 19,869 | 18,940 | 13,871 | 11,971 | |||||||||||||||||
Preferred Series E | 5,209 | 10,418 | 10,417 | 6,019 | — | — | |||||||||||||||||
$ | 16,981 | $ | 33,962 | $ | 33,802 | $ | 29,513 | $ | 21,194 | $ | 19,322 | ||||||||||||
Combined fixed charges and preferred stock dividends | $ | 74,961 | $ | 178,715 | $ | 183,359 | $ | 172,074 | $ | 173,764 | $ | 169,837 | |||||||||||
Deficit (Fixed charges) | $ | 17,043 | $ | 26,586 | $ | 38,293 | $ | 8,088 | $ | 8,466 | $ | 187,373 | |||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 34,024 | $ | 60,548 | $ | 72,095 | $ | 37,601 | $ | 29,660 | $ | 206,695 | |||||||||||