EX-12.1 2 a2171667zex-12_1.htm EXHIBIT 12.1

EXHIBIT 12.1

AMC ENTERTAINMENT INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)

 
  Pro Forma
52 Weeks
Ended
March 30,
2006

  Actual
April 1, 2005
through
March 30,
2006

  Actual
From Inception
July 16, 2004
through
March 31,
2005

  Actual
April 2, 2004
through
December 23,
2004

  Actual Year
52 weeks ended
April 1,
2004

  Actual Year
53 weeks ended
April 3,
2003

  Actual Year
52 weeks ended
March 28,
2002

 
 
   
  (Successor)

  (Successor)

  (Predecessor)

  (Predecessor)

  (Predecessor)

  (Predecessor)

 
EARNINGS                                            
Earnings (loss) before income taxes from continuing operations   $ (189,755 ) $ (96,653 ) $ (41,864 ) $ (20,347 ) $ 4,958   $ (10,110 ) $ (217 )
Add: Fixed charges (below)     352,590     238,092     69,886     152,320     180,023     177,264     136,850  
    Depreciation on capitalized interest     1,190     1,190     360     1,046     1,422     1,239     1,214  
Less: Interest capitalized (below)     (2,239 )   (2,239 )   (203 )   (658 )   (2,658 )   (4,095 )   (2,677 )
    Undistributed (income) loss—Joint Ventures     7,801     7,801     (164 )           (44 )   29  
   
 
 
 
 
 
 
 
  Earnings for ratio     169,587     148,191     28,015     132,361     183,745     164,254     135,199  
   
 
 
 
 
 
 
 
FIXED CHARGES:                                            
  Interest on borrowings     205,616     116,140     39,668     66,851     66,963     65,585     48,015  
  Interest on capital and financing lease obligations         5,946     2,047     7,408     10,754     12,215     12,745  
  Interest capitalized     2,239     2,239     203     658     2,658     4,095     2,677  
  Estimated interest portion of rental expense(1)     144,735     113,767     27,968     77,403     99,648     95,369     73,413  
   
 
 
 
 
 
 
 
    Fixed Charges     352,590     238,092     69,886     152,320     180,023     177,264     136,850  
   
 
 
 
 
 
 
 
FIXED CHARGES IN EXCESS OF EARNINGS   $ 183,003   $ 89,901   $ 41,871   $ 19,959   $   $ 13,010   $ 1,651  
   
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES                     1.0          
   
 
 
 
 
 
 
 

        The ratio of earnings to fixed charges represents the number of times fixed charges are covered by earnings. For purposes of computing this ratio, earnings consist of earnings (loss) from continuing operations before income taxes, plus fixed charges (excluding capitalized interest), amortization of capitalized interest, and undistributed equity in losses of joint ventures. Fixed charges consist of interest expense, interest capitalized and one-third of rent expense on operating leases, estimated by the Company to be representative of the interest factor attributable to such rent expense.

(1)
Used one-third of rent expense on operating leases.