EX-12.1 2 v16717a7exv12w1.htm EXHIBIT 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 SIX MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
                                                         
    Fiscal Year Ended March 31,     Six months ended 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