EX-12.1 2 v15720a7exv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 LIONS GATE ENTERTAINMENT CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FIVE YEARS ENDED MARCH 31, 2005 AND SIX MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 (AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
Six months ended Fiscal Year Ended March 31, September 30, --------------------------------------------------------- -------------------- 2005 2004 2003 2002 2001 2005 2004 --------------------------------------------------------- -------------------- $ $ $ $ $ $ $ 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 29,535 (89,554) 379 (15,356) 10,206 (35,410) (2,195) Interest capitalized (1,000) (1,300) (300) (2,200) (1,500) -- (400) Fixed charges 25,968 16,409 9,901 11,635 10,283 10,314 12,004 -------------------------------------------------------- -------------------- TOTAL EARNINGS 54,503 (74,445) 9,980 (5,921) 18,989 (25,096) 9,409 ======================================================== ==================== FIXED CHARGES: Interest expense, amortization and write-off of deferred financing costs 23,668 14,342 9,034 8,735 8,116 9,789 11,113 Estimate of interest within rent expense 1,300 767 567 700 667 525 491 Interest capitalized 1,000 1,300 300 2,200 1,500 -- 400 --------------------------------------------------------- -------------------- TOTAL FIXED CHARGES 25,968 16,409 9,901 11,635 10,283 10,314 12,004 ========================================================= ==================== 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 $35,410 (4) Earnings were insufficient to cover fixed charges by $2,595