EX-12 4 ex_12-1.txt EX_12-1-RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 ACTIVISION, INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Activision (R) RATIO OF EARNINGS TO FIXED CHARGES Fiscal year ending March 31, Six months ending ----------------------------------------------------- -------------------- 1998 1999 2000 2001 2002 9/30/2001 9/30/2002 -------- -------- --------- -------- -------- --------- --------- Pre-tax income from continuing operations before loss in minority investees $ 8,106 $ 23,636 $(38,636) $ 32,912 $ 83,500 $ 3,685 $ 46,852 ======== ======== ======== ======== ======== ======== ======== Fixed Charges Interest expense $ 2,223 $ 4,974 $ 9,375 $ 9,399 $ 1,188 $ 1,263 $ 672 Facility rent expense - 30% 966 1,316 1,316 1,409 1,604 765 948 Equipment rent expense - 25% 76 162 214 166 196 99 147 -------- -------- --------- -------- -------- --------- --------- Total Fixed Charges $ 3,265 $ 6,452 $ 10,905 $ 10,974 $ 2,988 $ 2,127 $ 1,767 ======== ======== ======== ======== ======== ======== ======== Pre-tax income from continuing operations before loss in minority investees, plus fixed charges $ 11,371 $ 30,088 $(27,731) $ 43,886 $ 86,488 $ 5,812 $ 48,619 ======== ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 3.48 4.66 A 4.00 28.95 2.73 27.51 ======== ======== ======== ======== ======== ======== ========
A Due to the loss in fiscal year 2000, the ratio coverage was less than 1:1. Additional earnings of $38.6 million must be generated to achieve coverage of 1:1.