EX-12.1 3 a2213098zex-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

 

 

 

Year Ended
December 31,
2012

 

Year Ended
December 31,
2011

 

Eight
Months
Ended
December 31,
2010

 

 

Four
Months
Ended
April 30,
2010

 

2009

 

2008

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

383,840

 

$

11,944

 

$

85,406

 

 

$

539,190

 

$

(160,088

)

$

(58,073

)

Income tax (benefit) expense

 

(172,228

)

(8,065

)

11,177

 

 

112,648

 

2,902

 

116,630

 

Interest expense

 

47,444

 

66,214

 

54,455

 

 

74,375

 

106,313

 

185,370

 

Loss (gain) on debt extinguishment, net

 

587

 

46,520

 

18,493

 

 

—

 

—

 

(107,743

)

Estimated interest component of rental expense

 

3,126

 

3,178

 

1,959

 

 

923

 

3,082

 

3,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings

 

$

262,769

 

$

119,791

 

$

171,490

 

 

$

727,136

 

$

(47,791

)

$

139,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

47,444

 

$

66,214

 

$

54,455

 

 

$

74,375

 

$

106,313

 

$

185,370

 

Estimated interest component of rental expense

 

3,126

 

3,178

 

1,959

 

 

923

 

3,082

 

3,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

50,570

 

$

69,392

 

$

56,414

 

 

$

75,298

 

$

109,395

 

$

188,516

 

Ratio of earnings to fixed charge

 

5.2x

 

1.7x

 

3.0x

 

 

9.7X

 

N/A

 

0.7x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency)

 

$

212,199

 

$

50,399

 

$

115,076

 

 

$

651,838

 

$

(157,186

)

$

(49,186

)