EX-12.1 3 a2047545zex-12_1.txt EXHIBIT 12.1 Exhibit 12.1 Six Flags, Inc. Computation of Ratio of Earnings to Fixed Charges For each of the Years in the 5-Year Period Ended December 31,2000
YEAR ENDED DECEMBER 31, -------------------------------------------------------------- 1996 1997 1998 1999 2000 -------- -------- -------- -------- -------- EARNINGS: Income (loss) before extraordinary loss 1,765 14,099 35,628 (19,230) (51,959) Income tax expense (benefit) 1,497 9,615 40,716 24,460 5,622 Interest expense 11,121 17,775 149,820 193,965 232,336 Equity in loss (income) or partnerships 78 59 (24,054) (26,180) (11,833) Distributions received from equity investees -- -- 19,931 17,656 33,531 Minority interest in earnings -- -- 960 100 -- 1/3 of rental expense 405 743 2,639 3,500 3,091 -------- -------- -------- -------- -------- Adjusted earnings 14,866 42,291 225,640 194,271 210,788 ======== ======== ======== ======== ======== FIXED CHARGES Interest expense 11,121 17,775 149,820 193,965 232,336 1/3 of rental expense 405 743 2,639 3,500 3,091 -------- -------- -------- -------- -------- Total fixed charges 11,526 18,518 152,459 197,465 235,427 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 1.3 2.3 1.5 1.0 0.9 Deficiency 3,194 24,639