EX-12.1 3 a2077687zex-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 31,2001
YEAR ENDED DECEMBER 31, -------------------------------------------------------------- 1997 1998 1999 2000 2001 -------- -------- -------- -------- -------- (in thousands) EARNINGS: Income (loss) before extraordinary loss 14,099 35,628 (19,230) (51,959) (49,573) Income tax expense (benefit) 9,615 40,716 24,460 5,622 (7,195) Interest expense 17,775 149,820 193,965 232,336 230,033 Equity in loss (income) or partnerships 59 (24,054) (26,180) (11,833) (21,512) Distributions received from equity investees -- 19,931 17,656 33,531 26,973 Minority interest in earnings -- 960 100 -- -- 1/3 of rental expense 743 2,639 3,500 3,091 3,817 -------- -------- -------- -------- -------- Adjusted earnings 42,291 225,640 194,271 210,788 182,543 ======== ======== ======== ======== ======== FIXED CHARGES Interest expense 17,775 149,820 193,965 232,336 230,033 1/3 of rental expense 743 2,639 3,500 3,091 3,817 -------- -------- -------- -------- -------- Total fixed charges 18,518 152,459 197,465 235,427 233,850 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 2.3 1.5 1.0 0.9 0.8 Deficiency 3,194 24,639 51,307