EX-12 3 ex12-1.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 ACTIVISION, INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Three months ended Fiscal year ended March 31, June 30, ------------------------------------------------------------------ 1999 2000 2001 2002 2003 2002 2003 ---- ---- ---- ---- ---- ---- ---- Pre-tax income from continuing operations before loss in minority investees $23,636 $38,636) $32,912 $83,500 $103,708 $32,653 $6,403 ======= ======= ======= ======= ======== ======= ====== Fixed Charges Interest expense $ 4,974 $ 9,375 $ 9,399 $ 1,188 $ 933 $ 536 $ 195 Facility rent expense-30% 1,316 1,316 1,409 1,604 2,270 445 675 Equipment rent expense - 25% 162 214 166 196 344 68 93 ------- ------- ------- ------- ------- ------- ------ Total Fixed Charges $ 6,452 $10,905 $ 10,974 $ 2,988 $ 3,547 $ 1,049 $ 963 ======= ======= ======= ======= ======= ======= ====== Pre-tax income from continuing operations before loss in minority investees, plus fixed charges $ 30,088 $(27,731) $ 43,886 $86,488 $107,255 $33,702 $7,366 ========= ======== ======== ======= ======== ======= ====== Ratio of Earnings to Fixed Charges 4.66 A 4.00 28.95 30.24 32.13 7.65 ========= ======== ======== ======= ======== ======= ====== A Due to the loss in fiscal year 2000, the ratio coverage was less than 1:1. Additional earnings of $38.6 million must be generated to achieve coverage of 1:1.