Exhibit 12.1
Pinnacle Entertainment, Inc.
Computation of Ratio of Earnings to Fixed Charges
| For the year ended December 31, | ||||||||||||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | ||||||||||||||||
| (in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income (loss) from continuing operations, | $ | (52,368) | $ | 31,775 | $ | 22,307 | $ | (96,254) | $ | 49,592 | ||||||||||
Add: Fixed charges | 111,449 | 110,805 | 119,425 | 178,723 | 261,623 | |||||||||||||||
Less: Capitalized interest | (4,041) | (10,303) | (20,310) | (3,282) | (2,854) | |||||||||||||||
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Total earnings | $ | 55,040 | $ | 132,277 | $ | 121,422 | $ | 79,187 | $ | 308,361 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense, net of capitalized interest and inclusive of amortization of debt issuance costs | $ | 103,093 | $ | 95,705 | $ | 94,484 | $ | 170,218 | $ | 253,048 | ||||||||||
Capitalized interest | 4,041 | 10,303 | 20,310 | 3,282 | 2,854 | |||||||||||||||
Estimated interest portion of rent expense | 4,315 | 4,797 | 4,631 | 5,223 | 5,721 | |||||||||||||||
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Total fixed charges | $ | 111,449 | $ | 110,805 | $ | 119,425 | $ | 178,723 | $ | 261,623 | ||||||||||
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Ratio of earnings to fixed charges | — | 1.2x | 1.0x | — | 1.2x | |||||||||||||||
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