EX-12.1 13 y99320exv12w1.txt STATEMENTS RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC RATIO OF EARNINGS TO FIXED CHARGES (amounts in thousands)
SIX MONTHS ENDED YEARS ENDED DECEMBER 31, JUNE 30, -------------------------------------------------------- ---------------------- 1999 2000 2001 2002 2003 2003 2004 ---------- ---------- --------- ---------- --------- ---------- ---------- Income (loss) before income taxes and extraordinary items 8,996 9,781 6,602 5,770 18,884 9,485 17,132 Fixed Charges: Interest Expense 2,116 3,197 5,418 5,246 5,389 2,755 9,333 Amortized capitalized expenses related to indebtedness 223 97 553 744 - - - Estimated interest within rental expense 491 337 319 326 295 172 116 Amortization of capitalized interest 551 600 475 257 256 129 129 ---------- ---------- --------- ---------- --------- ---------- ---------- Earnings as defined 12,377 14,012 13,367 12,343 24,824 12,541 26,710 ========== ========== ========= ========== ========= ========== ========== Fixed Charges (including capitalized items) Interest Expense 2,116 3,197 5,418 5,246 5,389 2,755 9,333 Interest Capitalized - 458 1,857 - - - - Amortized capitalized expenses related to indebtedness 223 97 553 744 - - - Estimated interest within rental expense 491 337 319 326 295 172 116 ---------- ---------- --------- ---------- --------- ---------- ---------- Fixed charges as defined 2,830 4,089 8,147 6,316 5,684 2,927 9,449 ========== ========== ========= ========== ========= ========== ========== Ratio of Earnings to Fixed Charges 4.4 3.4 1.6 2.0 4.4 4.3 2.8 ========== ========== ========= ========== ========= ========== ==========