EX-12.1 7 dex121.txt COMPUTATION RATIO EXHIBIT 12.1 MOHEGAN TRIBAL GAMING AUTHORITY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended Fiscal Year Ended September 30, June 30, ---------------------------------- ----------------- 2000 1999 1998 1997(1) 2001 2000 -------- -------- -------- ------- -------- -------- (Dollars in thousands except per diem data) Earnings: Income from operations.. $204,304 $156,546 $135,687 $82,675 $154,488 $143,539 ======== ======== ======== ======= ======== ======== Fixed Charges: Interest Expense........ $ 37,799 $ 55,595 $ 50,172 $45,095 $ 17,826 $ 31,291 Capitalized Interest.... 9,880 534 -- -- 18,167 5,602 -------- -------- -------- ------- -------- -------- Total Fixed Charges....... $ 47,679 $ 56,129 $ 50,172 $45,095 $ 35,993 $ 36,893 ======== ======== ======== ======= ======== ======== Ratio of Earnings to Fixed Charges.................. 4.3x 2.8x 2.7x 1.8x 4.3x 3.9x ======== ======== ======== ======= ======== ========
-------- (1) The Authority commenced operations at Mohegan Sun on October 12, 1996.