EX-12.1 5 ex121_123115.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.1

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

 
Year Ended December 31,
(Amounts in thousands)
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
192,855

 
$
113,489

 
$
156,324

 
$
395,766

 
$
11,944

Income tax expense (benefit)
70,369

 
46,522

 
47,601

 
(184,154
)
 
(8,065
)
Interest Expense
76,205

 
73,057

 
75,044

 
47,444

 
66,214

Loss on debt extinguishment, net
6,557

 
—

 
789

 
587

 
46,520

Estimated interest component of rental expense
3,133

 
3,153

 
3,298

 
3,126

 
3,178

Adjusted earnings
$
349,119

 
$
236,221

 
$
283,056

 
$
262,769

 
$
119,791

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
76,205

 
$
73,057

 
$
75,044

 
$
47,444

 
$
66,214

Estimated interest component of rental expense
3,133

 
3,153

 
3,298

 
3,126

 
3,178

Total fixed charges
$
79,338

 
$
76,210

 
$
78,342

 
$
50,570

 
$
69,392

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
4.4
x
 
3.1
x
 
3.6
x
 
5.2
x
 
1.7
x
 
 
 
 
 
 
 
 
 
 
Excess
$
269,781

 
$
160,011

 
$
204,714

 
$
212,199

 
$
50,399