Exhibit 12
Cinemark USA, Inc.
COMPUTATION OF EARNINGS TO FIXED CHARGES
in 000s
COMPUTATION OF EARNINGS TO FIXED CHARGES
in 000s
| Year Ended | Period from | Period from | Year Ended | Six Months Ended | |||||||||||||||||||||||||||||
| December 31, | January 1, 2006 to | October 5, 2006 to | December 31, | June 30, | |||||||||||||||||||||||||||||
| 2004 | 2005 | October 4, 2006 | December 31, 2006 | 2007 | 2008 | 2008 | 2009 | ||||||||||||||||||||||||||
| (Predecessor) | (Successor) | ||||||||||||||||||||||||||||||||
Computation of earnings: | |||||||||||||||||||||||||||||||||
| Pretax income from continuing operations before equity income (loss) | $ | 67,827 | $ | 76,320 | $ | 75,019 | $ | (7,129 | ) | $ | 246,323 | $ | 18,015 | $ | 59,757 | $ | 106,156 | ||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||
| Fixed charges | 83,523 | 87,519 | 70,293 | 45,838 | 165,887 | 140,533 | 74,556 | 64,900 | |||||||||||||||||||||||||
| Amortization of capitalized interest | 460 | 470 | 354 | 117 | 474 | 489 | 245 | 248 | |||||||||||||||||||||||||
| Distributed (income) losses of equity investees | 173 | 227 | (1,800 | ) | 154 | (2,462 | ) | (2,373 | ) | (1,327 | ) | (1,020 | ) | ||||||||||||||||||||
| Pre tax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||
| Capitalized interest | (407 | ) | (74 | ) | (86 | ) | — | (618 | ) | (270 | ) | (270 | ) | — | |||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
TOTAL EARNINGS | $ | 151,576 | $ | 164,462 | $ | 143,780 | $ | 38,980 | $ | 409,604 | $ | 156,394 | $ | 132,961 | $ | 170,284 | |||||||||||||||||
Computation of fixed charges: | |||||||||||||||||||||||||||||||||
| Interest expense | $ | 42,739 | $ | 44,334 | $ | 35,887 | $ | 30,833 | $ | 99,446 | $ | 71,067 | $ | 39,758 | $ | 28,812 | |||||||||||||||||
| Capitalized interest | 407 | 74 | 86 | — | 618 | 270 | 270 | — | |||||||||||||||||||||||||
| Amortization of debt issue costs | 2,664 | 2,774 | 2,106 | 847 | 3,314 | 3,339 | 1,659 | 1,727 | |||||||||||||||||||||||||
| Interest factor on rent expense | 37,713 | 40,337 | 32,214 | 14,158 | 62,509 | 65,857 | 32,869 | 34,361 | |||||||||||||||||||||||||
TOTAL FIXED CHARGES | $ | 83,523 | $ | 87,519 | $ | 70,293 | $ | 45,838 | $ | 165,887 | $ | 140,533 | $ | 74,556 | $ | 64,900 | |||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.82 | 1.88 | 2.05 | — | 2.47 | 1.11 | 1.78 | 2.62 | |||||||||||||||||||||||||