EX-12.1 3 ex121_123114.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ex 12.1_2014-12-31
Exhibit 12.1

Six Flags Entertainment Corporation
Computation of Ratio of Earnings to Fixed Charges

 
Successor
 
 
Predecessor
 
Year Ended December 31,
 
Eight Months
Ended
December 31,
 
 
Four Months
Ended
April 30,
(Amounts in thousands)
2014
 
2013
 
2012
 
2011
 
2010
 
 
2010
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
113,489

 
$
156,324

 
$
395,766

 
$
11,944

 
$
85,406

 
 
$
539,190

Income tax expense (benefit)
46,522

 
47,601

 
(184,154
)
 
(8,065
)
 
11,177

 
 
112,648

Interest Expense
73,057

 
75,044

 
47,444

 
66,214

 
54,455

 
 
74,375

Loss on debt extinguishment, net
—

 
789

 
587

 
46,520

 
18,493

 
 
—

Estimated interest component of rental expense
3,153

 
3,298

 
3,126

 
3,178

 
1,959

 
 
923

Adjusted earnings
$
236,221

 
$
283,056

 
$
262,769

 
$
119,791

 
$
171,490

 
 
$
727,136

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
$
73,057

 
$
75,044

 
$
47,444

 
$
66,214

 
$
54,455

 
 
$
74,375

Estimated interest component of rental expense
3,153

 
3,298

 
3,126

 
3,178

 
1,959

 
 
923

Total fixed charges
$
76,210

 
$
78,342

 
$
50,570

 
$
69,392

 
$
56,414

 
 
$
75,298

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
3.1
x
 
3.6
x
 
5.2
x
 
1.7
x
 
3.0
x
 
 
9.7
x
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess
$
160,011

 
$
204,714

 
$
212,199

 
$
50,399

 
$
115,076

 
 
$
651,838