EX-12.1 4 ex121_123113.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ex 12.1_2013-12-31
Exhibit 12.1

Six Flags Entertainment Corporation
Computation of Ratio of Earnings to Fixed Charges
(amounts in thousands)

 
Successor
 
 
Predecessor
 
Year Ended December 31,
 
Eight Months
Ended
December 31,
 
 
Four Months
Ended
April 30,
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
 
2010
 
2009
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
156,324

 
$
395,766

 
$
11,944

 
$
85,406

 
 
$
539,190

 
$
(160,088
)
Income tax expense (benefit)
47,601

 
(184,154
)
 
(8,065
)
 
11,177

 
 
112,648

 
2,902

Interest Expense
75,044

 
47,444

 
66,214

 
54,455

 
 
74,375

 
106,313

Loss on debt extinguishment, net
789

 
587

 
46,520

 
18,493

 
 
—

 
—

Estimated interest component of rental expense
3,298

 
3,126

 
3,178

 
1,959

 
 
923

 
3,082

Adjusted earnings
$
283,056

 
$
262,769

 
$
119,791

 
$
171,490

 
 
$
727,136

 
$
(47,791
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
$
75,044

 
$
47,444

 
$
66,214

 
$
54,455

 
 
$
74,375

 
$
106,313

Estimated interest component of rental expense
3,298

 
3,126

 
3,178

 
1,959

 
 
923

 
3,082

Total fixed charges
$
78,342

 
$
50,570

 
$
69,392

 
$
56,414

 
 
$
75,298

 
$
109,395

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
3.6
x
 
5.2
x
 
1.7
x
 
3.0
x
 
 
9.7
x
 
N/A

 
 
 
 
 
 
 
 
 
 
 
 
 
Excess (deficiency)
$
204,714

 
$
212,199

 
$
50,399

 
$
115,076

 
 
$
651,838

 
$
(157,186
)