EX-12.1 7 dex121.txt EXHIBIT 12.1 Exhibit 12.1 MOHEGAN TRIBAL GAMING AUTHORITY RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Years Ended September 30, 2001 2000 1999 1998 1997(1) -------- -------- -------- -------- -------- (in thousands, except ratios) Income from continuing operations $214,532 $146,608 $ 320 $ 88,148 $ 39,374 Amortization of capitalized interest 794 794 794 794 794 Fixed charges 65,626 50,904 58,442 51,055 46,327 Capitalized interest (40,715) (9,880) (534) -- -- -------- -------- -------- -------- -------- Earnings $240,237 $188,426 $ 59,022 $139,997 $ 86,495 ======== ======== ======== ======== ======== Interest expense $ 20,375 $ 37,799 $ 55,595 $ 50,172 $ 45,095 Capitalized interest 40,715 9,880 534 -- -- Amortization of financing fees 4,536 3,225 2,313 883 1,232 -------- -------- -------- -------- -------- Total Fixed Charges $ 65,626 $ 50,904 $ 58,442 $ 51,055 $ 46,327 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 3.66x 3.70x 1.01x 2.74x 1.87x ======== ======== ======== ======== ========
____________________ (1) The Authority commenced operations at Mohegan Sun on October 12, 1996.