EX-12.1 7 a2207446zex-12_1.htm EX-12.1

Exhibit 12.1

 

Six Flags Entertainment Corporation

 

Computation of Ratio of Earnings to Fixed Charges

 

(in thousands)

 

 

 

Successor

 

Predecessor

 

 

 

2011

 

Eight
Months
Ended
December 31,
2010

 

Four
Months
Ended
April 30,
2010

 

2009

 

2008

 

2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

11,944

 

$

85,406

 

$

539,190

 

$

(160,088

)

$

(58,073

)

$

(189,269

)

Income tax (benefit) expense

 

(8,065

)

11,177

 

112,648

 

2,902

 

116,630

 

6,203

 

Interest expense

 

66,214

 

54,455

 

74,375

 

106,313

 

185,370

 

207,335

 

Loss (gain) on debt extinguishment, net

 

46,520

 

18,493

 

—

 

—

 

(107,743

)

8,870

 

Estimated interest component of rental expense

 

3,178

 

1,959

 

923

 

3,082

 

3,146

 

3,027

 

Adjusted earnings

 

$

119,791

 

$

171,490

 

$

727,136

 

$

(47,791

)

$

139,330

 

$

36,166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

66,214

 

54,455

 

$

74,375

 

$

106,313

 

$

185,370

 

$

207,335

 

Estimated interest component of rental expense

 

3,178

 

1,959

 

923

 

3,082

 

3,146

 

3,027

 

Total fixed charges

 

69,392

 

$

56,414

 

$

75,298

 

$

109,395

 

$

188,516

 

$

210,362

 

Ratio of earnings to fixed charge

 

1.7

x

3.0

x

9.7

X

N/A

 

0.7

x

0.2

x

Excess (deficiency)

 

$

50,399

 

$

115,076

 

$

651,838

 

$

(157,186

)

$

(49,186

)

$

(174,196

)