EX-12.1 5 a2201903zex-12_1.htm EX-12.1

EXHIBIT 12.1

 

AMC ENTERTAINMENT INC. AND SUBSIDIARES

RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma

 

Pro Forma

 

Pro Forma

 

Actual

 

Actual

 

Actual

 

Actual

 

Actual

 

Actual

 

Actual

 

 

 

52 Weeks

 

39 Weeks

 

52 Weeks

 

39 Weeks

 

39 Weeks

 

52 Weeks

 

52 Weeks

 

53 Weeks

 

52 Weeks

 

52 Weeks

 

 

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

Ended

 

 

 

December 30, 2010

 

December 30, 2010

 

April 1, 2010

 

December 30, 2010

 

December 31, 2009

 

April 1, 2010

 

April 2, 2009

 

April 3, 2008

 

March 29, 2007

 

March 30, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(5,022

)

$

12,901

 

$

(9,911

)

$

21,796

 

$

(2,282

)

$

(21,776

)

$

(109,923

)

$

11,244

 

$

(59,833

)

$

(83,575

)

Add:Fixed charges (below)

 

299,578

 

225,793

 

291,987

 

224,159

 

208,073

 

279,012

 

284,622

 

303,346

 

357,743

 

239,398

 

Amortization of capitalized interest

 

1,482

 

1,031

 

1,522

 

1,031

 

1,071

 

1,522

 

1,623

 

1,493

 

2,395

 

1,253

 

Distributed income of equity investees

 

34,203

 

21,404

 

34,463

 

21,404

 

21,664

 

34,463

 

29,978

 

43,553

 

236,260

 

5

 

Less:Interest capitalized (below)

 

(44

)

(36

)

(14

)

(36

)

(6

)

(14

)

(415

)

(1,114

)

(1,760

)

(2,239

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings for ratio

 

330,197

 

261,093

 

318,047

 

268,354

 

228,520

 

293,207

 

205,885

 

358,522

 

534,805

 

154,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on borrowings

 

133,811

 

100,812

 

126,458

 

100,812

 

93,459

 

126,458

 

115,757

 

131,157

 

188,809

 

114,030

 

Interest on capital and financing lease obligations

 

5,585

 

4,820

 

5,652

 

4,604

 

4,239

 

5,652

 

5,990

 

6,505

 

4,669

 

3,937

 

Interest-discontinued operations

 

 

 

 

 

 

 

7,881

 

11,927

 

13,394

 

4,119

 

Interest capitalized

 

44

 

36

 

14

 

36

 

6

 

14

 

415

 

1,114

 

1,760

 

2,239

 

Estimated interest portion of rental expense (1)

 

160,138

 

120,125

 

159,863

 

118,707

 

110,369

 

146,888

 

149,601

 

146,463

 

142,681

 

108,876

 

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

 

 

 

 

 

 

 

4,978

 

6,180

 

6,430

 

6,197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

299,578

 

225,793

 

291,987

 

224,159

 

208,073

 

279,012

 

284,622

 

303,346

 

357,743

 

239,398

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES IN EXCESS OF EARNINGS

 

$

 

$

 

$

 

$

 

$

 

$

 

$

78,737

 

$

 

$

 

$

84,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

1.1

 

1.2

 

1.1

 

1.2

 

1.1

 

1.1

 

 

 

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.