Exhibit 12.1
Wynn Las Vegas, LLC
Calculation of Ratio of Earnings to Fixed Charges
Year ended December 31, | ||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||
Add: | ||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees. | $ | (309,443 | ) | $ | (130,060 | ) | $ | 123,423 | $ | 8,399 | $ | (45,884 | ) | |||||
Fixed charges | 159,359 | 158,499 | 121,143 | 127,309 | 125,608 | |||||||||||||
Amortization of capitalized interest | 24,131 | 13,908 | 13,908 | 13,908 | 9,272 | |||||||||||||
Distributed income of equity investees | 368 | 788 | 1,227 | 250 | — | |||||||||||||
Subtract: | ||||||||||||||||||
Interest capitalized | — | 80,398 | 33,592 | 7,690 | 36,769 | |||||||||||||
Total Earnings | $ | (125,585 | ) | $ | (37,263 | ) | $ | 226,109 | $ | 142,176 | $ | 52,227 | ||||||
Interest expensed | $ | 157,228 | $ | 75,855 | $ | 86,090 | $ | 117,787 | $ | 86,746 | ||||||||
Interest capitalized | — | 80,398 | 33,592 | 7,690 | 36,769 | |||||||||||||
Interest in rental expense | 2,131 | 2,246 | 1,461 | 1,832 | 2,093 | |||||||||||||
Total Fixed Charges | $ | 159,359 | $ | 158,499 | $ | 121,143 | $ | 127,309 | $ | 125,608 | ||||||||
Earnings to Fixed Charges | — | — | 1.87x | 1.12x | — | |||||||||||||
Deficiency Amount | $ | (284,944 | ) | $ | (195,762 | ) | — | — | $ | (73,381 | ) |