Attached files
| file | filename |
|---|---|
| EX-10.27 - EXHIBIT 10.27 - Equity Commonwealth | eqc123116exhibit1027.htm |
| 10-K - 10-K - Equity Commonwealth | eqc12311610-k.htm |
| EX-32.1 - EXHIBIT 32.1 - Equity Commonwealth | eqc123116exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - Equity Commonwealth | eqc123116exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Equity Commonwealth | eqc123116exhibit311.htm |
| EX-23.1 - EXHIBIT 23.1 - Equity Commonwealth | eqc123116exhibit231.htm |
| EX-21.1 - EXHIBIT 21.1 - Equity Commonwealth | eqc123116exhibit211.htm |
| EX-12.1 - EXHIBIT 12.1 - Equity Commonwealth | eqc123116exhibit121.htm |
| EX-10.12 - EXHIBIT 10.12 - Equity Commonwealth | eqc123116exhibit1012.htm |
| EX-10.11 - EXHIBIT 10.11 - Equity Commonwealth | eqc123116exhibit1011.htm |
| EX-10.10 - EXHIBIT 10.10 - Equity Commonwealth | eqc123116exhibit1010.htm |
| EX-10.9 - EXHIBIT 10.9 - Equity Commonwealth | eqc123116exhibit109.htm |
Exhibit 12.2
EQUITY COMMONWEALTH
COMPUTATION OF RATIO OF EARNINGS TO COMBINED
FIXED CHARGES AND PREFERRED DISTRIBUTIONS
(dollars in thousands)
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013(1) | 2012(1) | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income tax expense and equity in earnings of investees | 233,639 | $ | 102,221 | $ | (63 | ) | $ | (62,034 | ) | $ | 84,484 | ||||||||
Gains on equity transactions of investees | — | — | (17,020 | ) | — | (7,246 | ) | ||||||||||||
Fixed charges before preferred distributions | 84,329 | 107,316 | 143,838 | 174,753 | 204,244 | ||||||||||||||
Distributions from investees | — | — | 20,680 | 24,079 | 16,816 | ||||||||||||||
Adjusted Earnings | $ | 317,968 | $ | 209,537 | $ | 147,435 | $ | 136,798 | $ | 298,298 | |||||||||
Fixed Charges and Preferred Distributions: | |||||||||||||||||||
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees) | $ | 84,329 | $ | 107,316 | $ | 143,838 | $ | 174,753 | $ | 204,244 | |||||||||
Preferred distributions | 17,956 | 27,924 | 32,095 | 44,604 | 51,552 | ||||||||||||||
Combined Fixed Charges and Preferred Distributions | $ | 102,285 | $ | 135,240 | $ | 175,933 | $ | 219,357 | $ | 255,796 | |||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Distributions | 3.1 | x | 1.5x | 0.8x | (2) | 0.6x | (3) | 1.2x | |||||||||||
(1) | Reclassifications have been made to the prior years' financial statements to conform to the current year's presentation. |
(2) | The deficiency for this period was $28,498. |
(3) | The deficiency for this period was $82,559. |