EX-12.1 2 v96959p2exv12w1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 LIONS GATE ENTERTAINMENT CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FIVE YEARS ENDED MARCH 31, 2004 (AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
FISCAL YEAR ENDED MARCH 31, 2004 2003 2002 2001 2000 --------- ------- -------- ------- ------- $ $ $ $ $ EARNINGS: Income (loss) before income taxes, excluding equity interests in unconsolidated subsidiaries, gain on dilution of investment in a subsidiary and minority interests in consolidated subsidiaries (105,757) 3,082 (14,064) 10,739 2,549 Interest capitalized (1,700) (1,000) (2,900) (1,500) (2,447) Fixed charges 18,625 12,072 13,901 10,281 6,399 -------- ------ ------- ------ ------ TOTAL EARNINGS (88,832) 14,154 (3,063) 19,520 6,501 ======== ====== ====== ====== ===== FIXED CHARGES: Interest expense, amortization of deferred financing costs and accretion on subordinated notes 16,058 10,339 10,128 8,116 3,522 Estimate of interest within rent expense 867 733 873 665 430 Interest capitalized 1,700 1,000 2,900 1,500 2,447 -------- ------ ------- ------ ------ TOTAL FIXED CHARGES 18,625 12,072 13,901 10,281 6,399 ======== ====== ====== ====== ===== RATIO OF EARNINGS TO FIXED CHARGES -(1) 1.17 -(2) 1.90 1.02 ======== ====== ====== ====== =====
---------- (1) Earnings were insufficient to cover fixed charges by $107,457. (2) Earnings were insufficient to cover fixed charges by $16,964.