EX-12.1 3 a06-8939_1ex12d1.htm EX-12

EXHIBIT 12.1

 

STATION CASINOS, INC.

RATIO OF EARNINGS TO FIXED CHARGES

(AMOUNTS IN THOUSANDS)

 

 

 

Fiscal Year Ended

 

 

 

12/31/01

 

12/31/02

 

12/31/03

 

12/31/04

 

12/31/05

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

92,902

 

$

98,985

 

$

95,039

 

$

78,266

 

$

83,551

 

Capitalized Interest

 

10,918

 

2,065

 

3,496

 

6,968

 

22,287

 

Amortization of Debt Cost

 

6,376

 

4,082

 

3,156

 

2,945

 

3,262

 

Interest Portion of Rentals

 

3,153

 

3,435

 

3,655

 

3,722

 

3,362

 

Total Fixed Charges

 

$

113,349

 

$

108,567

 

$

105,346

 

$

91,901

 

$

112,462

 

Interest Portion of Rentals

 

 

 

 

 

 

 

 

 

 

 

Rentals

 

$

9,556

 

$

10,408

 

$

11,076

 

$

11,278

 

$

10,187

 

Times 33%

 

3,153

 

3,435

 

3,655

 

3,722

 

3,362

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Pretax Income from Continuing Operations

 

$

30,463

 

$

49,756

 

$

68,177

 

$

105,229

 

$

256,228

 

Fixed Charges

 

113,349

 

108,567

 

105,346

 

91,901

 

112,462

 

Less: Capitalized Interest

 

(10,918

)

(2,065

)

(3,496

)

(6,968

)

(22,287

)

Total Earnings

 

$

132,894

 

$

156,258

 

$

170,027

 

$

190,162

 

$

346,403

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.17

 

1.44

 

1.61

 

2.07

 

3.08