EXHIBIT 12.1
AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC
RATIO OF EARNINGS TO FIXED CHARGES
YEARS ENDED DECEMBER 31, | ||||||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Income before income taxes | $ | 30,972 | $ | 18,884 | $ | 5,770 | $ | 6,602 | $ | 9,781 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense | 17,793 | 4,961 | 5,246 | 5,418 | 3,197 | |||||||||||||||
Amortized capitalized expenses related to indebtedness | 1,146 | 428 | 744 | 553 | 97 | |||||||||||||||
Estimated interest within rental expense | 223 | 295 | 326 | 319 | 337 | |||||||||||||||
Amortization of capitalized interest | 206 | 256 | 257 | 475 | 600 | |||||||||||||||
Earnings as defined | $ | 50,340 | $ | 24,824 | $ | 12,343 | $ | 13,367 | $ | 14,012 | ||||||||||
Fixed Charges (including capitalized items) | ||||||||||||||||||||
Interest Expense | $ | 17,793 | $ | 4,961 | $ | 5,246 | $ | 5,418 | $ | 3,197 | ||||||||||
Interest Capitalized | — | — | — | 1,857 | 458 | |||||||||||||||
Amortized capitalized expenses related to indebtedness | 1,146 | 428 | 744 | 553 | 97 | |||||||||||||||
Estimated interest within rental expense | 223 | 295 | 326 | 319 | 337 | |||||||||||||||
Fixed charges as defined | $ | 19,162 | $ | 5,684 | $ | 6,316 | $ | 8,147 | $ | 4,089 | ||||||||||
Ratio of Earnings to Fixed Charges | 2.6 | 4.4 | 2.0 | 1.6 | 3.4 | |||||||||||||||