EX-12.1 2 v11152exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1
LIONS GATE ENTERTAINMENT CORP. EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FIVE YEARS ENDED MARCH 31, 2005
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
                                         
    Fiscal Year Ended March 31,  
    2005     2004     2003     2002     2001  
     
    $     $     $     $     $  
Net income (loss) before income taxes, excluding equity interests in unconsolidated subsidiaries, write down of equity interests, gain on dilution of equity interests, gain on sale of equity interests, other equity interests and minority interests in consolidated subsidiaries     29,428       (89,554 )     379       (15,356 )     10,206  
Interest capitalized
    (1,000 )     (1,300 )     (300 )     (2,200 )     (1,500 )
Fixed charges
    25,968       16,409       9,901       11,635       10,283  
     
 
                                       
TOTAL EARNINGS
    54,396       (74,445 )     9,980       (5,921 )     18,989  
     
 
                                       
FIXED CHARGES:
                                       
Interest expense, amortization and write-off of deferred financing costs
    23,668       14,342       9,034       8,735       8,116  
Estimate of interest within rent expense
    1,300       767       567       700       667  
Interest capitalized
    1,000       1,300       300       2,200       1,500  
     
 
                                       
TOTAL FIXED CHARGES
    25,968       16,409       9,901       11,635       10,283  
     
 
                                       
RATIO OF EARNINGS TO FIXED CHARGES
    2.09       (1)     1.01       (2)     1.85  
     
 
(1)   Earnings were insufficient to cover fixed charges by $ 90,854
 
(2)   Earnings were insufficient to cover fixed charges by $ 17,556