EXHIBIT 12.1
AMC ENTERTAINMENT INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| | Pro Forma 52 Weeks Ended March 30, 2006 | Actual April 1, 2005 through 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 | Actual Year 52 weeks ended March 28, 2002 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | (Successor) | (Successor) | (Predecessor) | (Predecessor) | (Predecessor) | (Predecessor) | |||||||||||||||||
| EARNINGS | ||||||||||||||||||||||||
| Earnings (loss) before income taxes from continuing operations | $ | (189,755 | ) | $ | (96,653 | ) | $ | (41,864 | ) | $ | (20,347 | ) | $ | 4,958 | $ | (10,110 | ) | $ | (217 | ) | ||||
| Add: Fixed charges (below) | 352,590 | 238,092 | 69,886 | 152,320 | 180,023 | 177,264 | 136,850 | |||||||||||||||||
| Depreciation on capitalized interest | 1,190 | 1,190 | 360 | 1,046 | 1,422 | 1,239 | 1,214 | |||||||||||||||||
| Less: Interest capitalized (below) | (2,239 | ) | (2,239 | ) | (203 | ) | (658 | ) | (2,658 | ) | (4,095 | ) | (2,677 | ) | ||||||||||
| Undistributed (income) loss—Joint Ventures | 7,801 | 7,801 | (164 | ) | — | — | (44 | ) | 29 | |||||||||||||||
| Earnings for ratio | 169,587 | 148,191 | 28,015 | 132,361 | 183,745 | 164,254 | 135,199 | |||||||||||||||||
| FIXED CHARGES: | ||||||||||||||||||||||||
| Interest on borrowings | 205,616 | 116,140 | 39,668 | 66,851 | 66,963 | 65,585 | 48,015 | |||||||||||||||||
| Interest on capital and financing lease obligations | — | 5,946 | 2,047 | 7,408 | 10,754 | 12,215 | 12,745 | |||||||||||||||||
| Interest capitalized | 2,239 | 2,239 | 203 | 658 | 2,658 | 4,095 | 2,677 | |||||||||||||||||
| Estimated interest portion of rental expense(1) | 144,735 | 113,767 | 27,968 | 77,403 | 99,648 | 95,369 | 73,413 | |||||||||||||||||
| Fixed Charges | 352,590 | 238,092 | 69,886 | 152,320 | 180,023 | 177,264 | 136,850 | |||||||||||||||||
| FIXED CHARGES IN EXCESS OF EARNINGS | $ | 183,003 | $ | 89,901 | $ | 41,871 | $ | 19,959 | $ | — | $ | 13,010 | $ | 1,651 | ||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES | — | — | — | — | 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.