EX-12 2 a07-5540_1ex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS

Exhibit 12

Six Flags, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

 

Year Ended December 31,

 

 

 

2002

 

2003

 

2004

 

2005

 

2006

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(69,788

)

$

(72,000

)

$

(176,890

)

$

(108,865

)

$

(206,975

)

Income tax expense (benefit)

 

(33,494

)

(34,660

)

24,442

 

3,705

 

4,318

 

Interest expense

 

231,322

 

215,165

 

195,580

 

185,997

 

202,909

 

Early repurchase of debt

 

29,895

 

27,592

 

37,731

 

19,303

 

—

 

Minority interest

 

36,760

 

35,997

 

37,686

 

39,794

 

40,223

 

1/3 of rental expense

 

2,739

 

2,774

 

2,993

 

2,949

 

3,792

 

Adjusted earnings (loss)

 

$

197,434

 

$

174,868

 

$

121,542

 

$

142,883

 

$

44,267

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

231,322

 

$

215,165

 

$

195,580

 

$

185,997

 

$

202,909

 

1/3 of rental expense

 

2,739

 

2,774

 

2,993

 

2,949

 

3,792

 

Total fixed charges

 

$

234,061

 

$

217,939

 

$

198,573

 

$

188,946

 

$

206,701

 

Ratio of earnings to fixed charge

 

0.8

x

0.8

x

0.6

x

0.8

x

0.2

x

Deficiency

 

$

36,627

 

$

43,071

 

$

77,031

 

$

46,063

 

$

162,434