EX-12.1 2 ex121_123116.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)
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
156,727

 
$
192,855

 
$
113,489

 
$
156,324

 
$
395,766

Income tax expense (benefit)
76,539

 
70,369

 
46,522

 
47,601

 
(184,154
)
Interest Expense
82,377

 
76,205

 
73,057

 
75,044

 
47,444

Loss on debt extinguishment, net
2,935

 
6,557

 
—

 
789

 
587

Estimated interest component of rental expense
3,476

 
3,133

 
3,153

 
3,298

 
3,126

Adjusted earnings
$
322,054

 
$
349,119

 
$
236,221

 
$
283,056

 
$
262,769

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
82,377

 
$
76,205

 
$
73,057

 
$
75,044

 
$
47,444

Estimated interest component of rental expense
3,476

 
3,133

 
3,153

 
3,298

 
3,126

Total fixed charges
$
85,853

 
$
79,338

 
$
76,210

 
$
78,342

 
$
50,570

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
3.8
x
 
4.4
x
 
3.1
x
 
3.6
x
 
5.2
x
 
 
 
 
 
 
 
 
 
 
Excess
$
236,201

 
$
269,781

 
$
160,011

 
$
204,714

 
$
212,199