EX-12 5 a2203751zex-12.htm EX-12

EXHIBIT 12.1

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

RATIO OF EARNINGS TO FIXED CHARGES

 
  Pro Forma 52 Weeks
Ended
December 30,
2010
  Pro Forma 39 Weeks
Ended
December 30,
2010
  Pro Forma
52 Weeks
Ended
April 1,
2010
  Actual
39 Weeks
Ended
December 30,
2010
  Actual
39 Weeks
Ended
December 31,
2009
  Actual
52 Weeks
Ended
April 1,
2010
  Actual
52 Weeks
Ended
April 2,
2009
  Actual
53 Weeks
Ended
April 3,
2008
  Actual
52 Weeks
Ended
March 29,
2007
  Actual
52 Weeks
Ended
March 30,
2006
 

EARNINGS

                                                             
 

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

  $ (5,456 ) $ 12,732   $ (11,011 ) $ 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

    329,763     260,924     316,947     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.