EX-12.1 6 a2193612zex-12_1.htm EXHIBIT 12.1

EXHIBIT 12.1

 

AMC ENTERTAINMENT INC. AND SUBSIDIARES

RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

 

 

 

 

Pro Forma

 

Actual

 

Actual

 

Actual

 

Actual

 

From Inception

 

Actual

 

 

 

52 Weeks

 

52 Weeks

 

53 Weeks

 

52 Weeks

 

52 Weeks

 

July 16, 2004

 

April 2, 2004

 

 

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

through

 

through

 

 

 

April 2, 2009

 

April 2, 2009

 

April 3, 2008

 

March 29, 2007

 

March 30, 2006

 

March 31, 2005

 

December 23, 2004

 

 

 

(Successor)

 

(Successor)

 

(Successor)

 

(Successor)

 

(Successor)

 

(Successor)

 

(Predecessor)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from continuing operations before income taxes or equity in (earnings) losses of non-consolidated entities

 

(143,068

)

$

(109,923

)

$

11,244

 

$

(59,833

)

$

(83,575

)

$

(41,671

)

$

(17,697

)

Add:Fixed charges (below)

 

317,767

 

284,622

 

303,346

 

357,743

 

239,398

 

71,134

 

156,154

 

Amortization of capitalized interest

 

1,623

 

1,623

 

1,493

 

2,395

 

1,253

 

386

 

1,046

 

Distributed income of equity investees

 

29,978

 

29,978

 

43,553

 

236,260

 

5

 

 

129

 

Less:Interest capitalized (below)

 

(415

)

(415

)

(1,114

)

(1,760

)

(2,239

)

(203

)

(658

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings for ratio

 

205,885

 

205,885

 

358,522

 

534,805

 

154,842

 

29,646

 

138,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on borrowings

 

148,902

 

115,757

 

131,157

 

188,809

 

114,030

 

39,668

 

66,851

 

Interest on capital and financing lease obligations

 

5,990

 

5,990

 

6,505

 

4,669

 

3,937

 

1,449

 

5,848

 

Interest-discontinued operations

 

7,881

 

7,881

 

11,927

 

13,394

 

4,119

 

598

 

1,560

 

Interest capitalized

 

415

 

415

 

1,114

 

1,760

 

2,239

 

203

 

658

 

Estimated interest portion of rental expense (1)

 

149,601

 

149,601

 

146,463

 

142,681

 

108,876

 

26,925

 

74,578

 

Estimated interest portion of rental expense (1)- discontinued operations

 

4,978

 

4,978

 

6,180

 

6,430

 

6,197

 

2,291

 

6,659

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

317,767

 

284,622

 

303,346

 

357,743

 

239,398

 

71,134

 

156,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES IN EXCESS OF EARNINGS

 

111,882

 

$

78,737

 

$

 

$

 

$

84,556

 

$

41,488

 

$

17,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

1.2

 

1.5

 

 

 

 

 

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 or equity in (earnings) losses of non-consolidated entities, plus fixed charges (excluding capitalized interest), amortization of capitalized interest, and distributed income of equity investees.  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.