- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
Exhibit 12.1
Life Storage, Inc.
Life Storage LP
Statement Re: Computation of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
Amounts in thousands
| Year ended December 31, |
| ||||||||||||||||||
|
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before noncontrolling interest in consolidated subsidiaries and income from equity investees |
| $ | 93,495 |
|
| $ | 81,291 |
|
| $ | 109,672 |
|
| $ | 86,971 |
|
| $ | 69,524 |
|
Add: Income tax (benefit) expense |
|
| (1,006 | ) |
|
| 413 |
|
|
| 1,251 |
|
|
| 927 |
|
|
| 936 |
|
Add: Fixed charges |
|
| 75,084 |
|
|
| 55,001 |
|
|
| 37,864 |
|
|
| 39,024 |
|
|
| 32,720 |
|
Add: Distributed income of equity investees |
|
| 7,055 |
|
|
| 5,207 |
|
|
| 4,821 |
|
|
| 3,123 |
|
|
| 2,630 |
|
Less: Capitalized interest |
|
| (329 | ) |
|
| (96 | ) |
|
| (62 | ) |
|
| (84 | ) |
|
| (113 | ) |
Preferred dividend requirements of consolidated subsidiaries |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |||||
Earnings (1) |
|
| 174,299 |
|
|
| 141,816 |
|
|
| 153,546 |
|
|
| 129,961 |
|
|
| 105,697 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 71,340 |
|
|
| 52,769 |
|
|
| 35,940 |
|
|
| 33,719 |
|
|
| 31,166 |
|
Amortization of financing fees |
|
| 3,022 |
|
|
| 1,735 |
|
|
| 1,184 |
|
|
| 859 |
|
|
| 834 |
|
Capitalized interest |
|
| 329 |
|
|
| 96 |
|
|
| 62 |
|
|
| 84 |
|
|
| 113 |
|
Estimate of interest included in rent expense |
|
| 393 |
|
|
| 401 |
|
|
| 678 |
|
|
| 4,362 |
|
|
| 607 |
|
Preferred stock dividends |
| — |
|
| — |
|
| — |
|
| — |
|
| — |
| |||||
Fixed charges (2) |
| $ | 75,084 |
|
| $ | 55,001 |
|
| $ | 37,864 |
|
| $ | 39,024 |
|
| $ | 32,720 |
|
Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2) |
|
| 2.32 |
|
|
| 2.58 |
|
|
| 4.06 |
|
|
| 3.33 |
|
|
| 3.23 |
|