EX-12.1 9 a2227071zex-12_1.htm EX-12.1

EXHIBIT 12.1

 

ELDORADO RESORTS, INC.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Nine months ended

 

Year ended

 

 

 

September 30,

 

December 31,

 

(dollars in thousands)

 

2015

 

2014

 

2014

 

2013

 

2012

 

 

 

(unaudited)

 

 

 

 

 

 

 

Earnings available for fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income (loss)

 

8,499

 

(2,293

)

(12,554

)

18,897

 

(991

)

Add: Fixed charges

 

48,946

 

13,398

 

30,752

 

15,681

 

16,069

 

Less: Capitalized interest

 

 

 

 

 

 

Less: Net income - noncontrolling interest

 

 

 

103

 

 

 

Total Earnings available for fixed charges

 

57,445

 

11,105

 

18,301

 

34,578

 

15,078

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

48,946

 

13,398

 

30,752

 

15,681

 

16,069

 

Capitalized interest

 

 

 

 

 

 

Total Fixed charges

 

48,946

 

13,398

 

30,752

 

15,681

 

16,069

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.2

x

0.8

x

0.6

x

2.2

x

0.9

x

 

 

 

 

 

 

 

 

 

 

 

 

Excess (Deficiency) of fixed charges over earnings

 

8,499

 

(2,293

)

(12,451

)

18,897

 

(991

)