EX-12.1 3 ex121_123117.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)
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
313,026

 
$
156,727

 
$
192,855

 
$
113,489

 
$
156,324

Income tax expense (benefit)
16,026

 
76,539

 
70,369

 
46,522

 
47,601

Interest Expense
99,766

 
82,377

 
76,205

 
73,057

 
75,044

Loss on debt extinguishment, net
37,116

 
2,935

 
6,557

 
—

 
789

Estimated interest component of rental expense
4,517

 
3,476

 
3,133

 
3,153

 
3,298

Adjusted earnings
$
470,451

 
$
322,054

 
$
349,119

 
$
236,221

 
$
283,056

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
99,766

 
$
82,377

 
$
76,205

 
$
73,057

 
$
75,044

Estimated interest component of rental expense
4,517

 
3,476

 
3,133

 
3,153

 
3,298

Total fixed charges
$
104,283

 
$
85,853

 
$
79,338

 
$
76,210

 
$
78,342

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
4.5
x
 
3.8
x
 
4.4
x
 
3.1
x
 
3.6
x
 
 
 
 
 
 
 
 
 
 
Excess
$
366,168

 
$
236,201

 
$
269,781

 
$
160,011

 
$
204,714