EX-12.1 3 d739490dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Brookdale Senior Living Inc.

Ratio of Earnings to Fixed Charges and Preferred Dividends

(in thousands)

		Three Months Ended March 31, 2014				Years Ended December 31
						2013				2012				2011				2010				2009
Earnings:
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees		$	(2,935	)		$	(3,312	)		$	(61,460	)		$	(68,702	)		$	(82,116	)		$	(101,290	)
Plus:
Fixed charges			57,584				231,867				242,532				230,426				232,079				230,942
Distributions from equity investees			245				4,291				1,857				1,488				872				1,466
Less:
Capitalized Interest			(302	)			(1,337	)			(1,533	)			(598	)			(264	)			(1,960	)
Total earnings		$	54,592			$	231,509			$	181,396			$	162,614			$	150,571			$	129,158
Fixed charges:
Interest expense and amortization of debt discount/premium on all indebtedness (excluding losses recognized on early extinguishments of debt)		$	34,016			$	138,379			$	146,419			$	138,300			$	141,604			$	138,374
Capitalized interest expense			302				1,337				1,533				598				264				1,960
Amount of pre-tax earnings required to cover any preferred stock dividend requirements			—				—				—				—				—				—
Interest factor portion of rental expense			23,266				92,151				94,580				91,528				90,211				90,608
Total fixed charges		$	57,584			$	231,867			$	242,532			$	230,426			$	232,079			$	230,942
Ratio of earnings to fixed charges			0.9				1.0				0.7				0.7				0.6				0.6
Coverage deficiencies		$	2,992			$	358			$	61,136			$	67,812			$	81,508			$	101,784