EX-12.1 2 v12607a5exv12w1.htm EX-12.1 exv12w1
 

EXHIBIT 12.1
LIONS GATE ENTERTAINMENT CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FIVE YEARS ENDED MARCH 31, 2005 AND THREE MONTHS ENDED JUNE 30, 2005 AND 2004
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
                                                         
    Fiscal Year Ended March 31,     Three months ended June 30,
    2005     2004     2003     2002     2001                  2005     2004  
    $     $     $     $     $     $     $  
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
    29,535       (89,554 )     379       (15,356 )     10,206       (21,749 )     (11,318 )
Interest capitalized
    (1,000 )     (1,300 )     (300 )     (2,200 )     (1,500 )           (200 )
Fixed charges
    25,968       16,409       9,901       11,635       10,283       5,172       5,895  
           
 
                                                       
TOTAL EARNINGS
    54,503       (74,445 )     9,980       (5,921 )     18,989       (16,577 )     (5,623 )
           
 
                                       
FIXED CHARGES:
                                                       
Interest expense, amortization and write-off of deferred financing costs
    23,668       14,342       9,034       8,735       8,116       4,884       5,461  
Estimate of interest within rent expense
    1,300       767       567       700       667       288       234  
Interest capitalized
    1,000       1,300       300       2,200       1,500             200  
           
TOTAL FIXED CHARGES
    25,968       16,409       9,901       11,635       10,283       5,172       5,895  
           
 
                                       
RATIO OF EARNINGS TO FIXED CHARGES
    2.10             (1)         1.01             (2)         1.85         (3)       (4)
           
 
                                       
(1) Earnings were insufficient to cover fixed charges by
  $ 90,854                                  
(2) Earnings were insufficient to cover fixed charges by
  $ 17,556                                  
(3) Earnings were insufficient to cover fixed charges by
  $ 21,749                                  
(4) Earnings were insufficient to cover fixed charges by
  $ 11,518