EX-12.1 2 ex121_2018-12x31.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)
2018
 
2017
 
2016
 
2015
 
2014
Earnings:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
316,003

 
$
313,026

 
$
156,727

 
$
192,855

 
$
113,489

Income tax expense (benefit)
95,855

 
16,026

 
76,539

 
70,369

 
46,522

Interest Expense
108,034

 
99,766

 
82,377

 
76,205

 
73,057

Loss on debt extinguishment, net
—

 
37,116

 
2,935

 
6,557

 
—

Estimated interest component of rental expense
8,429

 
4,517

 
3,476

 
3,133

 
3,153

Adjusted earnings
$
528,321

 
$
470,451

 
$
322,054

 
$
349,119

 
$
236,221

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
108,034

 
$
99,766

 
$
82,377

 
$
76,205

 
$
73,057

Estimated interest component of rental expense
8,429

 
4,517

 
3,476

 
3,133

 
3,153

Total fixed charges
$
116,463

 
$
104,283

 
$
85,853

 
$
79,338

 
$
76,210

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charge
4.5
x
 
4.5
x
 
3.8
x
 
4.4
x
 
3.1
x
 
 
 
 
 
 
 
 
 
 
Excess
$
411,858

 
$
366,168

 
$
236,201

 
$
269,781

 
$
160,011