Exhibit 12.1
CITY CENTER HOLDINGS, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Nine Months Ended September 30, | Twelve Months ended December 31, | Period of Inception Through December 31, | ||||||||||||||||||||||
| 2011 | 2010 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| (In thousands) | ||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Net loss from continuing operations | $ | (387,633 | ) | $ | (946,118 | ) | $ | (1,115,190 | ) | $ | (522,330 | ) | $ | (67,805 | ) | $ | (7,187 | ) | ||||||
Fixed charges (see below) | 200,413 | 187,228 | 253,592 | 233,081 | 66,826 | — | ||||||||||||||||||
Amortization of capitalized interest | 13,633 | 14,222 | 18,241 | 1,492 | — | — | ||||||||||||||||||
Capitalized interest | — | (12,861 | ) | (12,861 | ) | (226,070 | ) | (66,826 | ) | — | ||||||||||||||
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| (173,587 | ) | (757,529 | ) | (856,218 | ) | (513,827 | ) | (67,805 | ) | (7,187 | ) | |||||||||||||
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Fixed Charges | ||||||||||||||||||||||||
Interest expense, net (1) | 200,413 | 174,367 | 240,731 | 7,011 | — | — | ||||||||||||||||||
Interest capitalized | — | 12,861 | 12,861 | 226,070 | 66,826 | — | ||||||||||||||||||
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| 200,413 | 187,228 | 253,592 | 233,081 | 66,826 | — | |||||||||||||||||||
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Deficiency | $ | 374,000 | $ | 944,757 | $ | 1,109,810 | $ | 746,908 | $ | 134,631 | $ | — | ||||||||||||
| (1) | Includes amortization of debt issuance costs and debt discounts. Does not include the interest factor of rental expense as these amounts are not material. |
