EX-12.1 3 a07-14445_3ex12d1.htm EX-12.1

EXHIBIT 12.1

AMC ENTERTAINMENT INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)

 

 

Pro Forma
52 Weeks
Ended
March 29,
2007

 

Actual
52 Weeks
Ended
March 29,
2007

 

Actual
52 Weeks
Ended
March 30,
2006

 

Actual
From Inception
July 16, 2004
through
March 31,
2005

 

Actual
April 2, 2004
through
December 23,
2004

 

Actual Year
52 Weeks Ended
April 1,
2004

 

Actual Year
53 Weeks Ended
April 3,
2003

 

 

 

 

 

(Successor)

 

(Successor)

 

(Successor)

 

(Predecessor)

 

(Predecessor)

 

(Predecessor)

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes from continuing operations

 

$

(63,190

)

$

173,931

 

$

(96,185

)

$

(41,510

)

$

(17,568

)

$

8,183

 

$

(7,627

)

Add: Fixed charges (below)

 

304,191

 

360,053

 

232,406

 

68,245

 

147,935

 

174,426

 

173,623

 

Depreciation on capitalized interest

 

2,395

 

2,395

 

1,190

 

360

 

1,046

 

1,422

 

1,239

 

Less: Interest capitalized (below)

 

(4,760

)

(4,760

)

(2,239

)

(203

)

(658

)

(2,658

)

(4,095

)

Undistributed (income) loss—Joint Ventures

 

7,153

 

2,556

 

7,801

 

(164

)


 

 

(44

)

Earnings for ratio

 

245,789

 

534,175

 

142,973

 

26,728

 

130,755

 

181,373

 

163,096

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on borrowings

 

146,157

 

200,853

 

116,140

 

39,668

 

66,851

 

66,963

 

65,585

 

Interest on capital and financing lease obligations

 

5,799

 

5,799

 

4,068

 

1,449

 

5,848

 

8,698

 

11,295

 

Interest capitalized

 

4,760

 

4,760

 

2,239

 

203

 

658

 

2,658

 

4,095

 

Estimated interest portion of rental expense(1)

 

147,475

 

148,641

 

109,959

 

26,925

 

74,578

 

96,107

 

92,648

 

Fixed Charges

 

304,191

 

360,053

 

232,406

 

68,245

 

147,935

 

174,426

 

173,623

 

FIXED CHARGES IN EXCESS OF EARNINGS

 

$

58,402

 

$

 

$

89,433

 

$

41,517

 

$

17,180

 

$

 

$

10,527

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

1.5

 

 

 

 

1.0

 

 

 

The ratio of earnings to fixed charges represents the number of times fixed charges are covered by earnings. For purposes of computing this ratio, earnings consist of earnings (loss) from continuing operations before income taxes, plus fixed charges (excluding capitalized interest), amortization of capitalized interest, and undistributed equity in losses of joint ventures. Fixed charges consist of interest expense, interest capitalized and one-third of rent expense on operating leases, estimated by the Company to be representative of the interest factor attributable to such rent expense.


(1)           Used one-third of rent expense on operating leases.