Exhibit 12.1
CITY CENTER HOLDINGS, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Nine Months Ended September 30, | | | | | Period of Inception Through December 31, 2007 | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Twelve Months ended December 31, | |||||||||||||||||||||
| 2012 | 2011 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| (In thousands) | |||||||||||||||||||||
Earnings | ||||||||||||||||||||||
Net loss from continuing operations | $ | (398,972 | ) | $ | (387,633 | ) | $ | (502,174 | ) | $ | (1,115,190 | ) | $ | (522,330 | ) | $ | (67,805 | ) | $ | (7,187 | ) | |
Fixed charges (see below) | 198,846 | 200,413 | 267,836 | 253,592 | 233,081 | 66,826 | — | |||||||||||||||
Amortization of capitalized interest | 14,263 | 13,633 | 18,930 | 18,241 | 1,492 | — | — | |||||||||||||||
Capitalized interest | — | — | — | (12,861 | ) | (226,070 | ) | (66,826 | ) | — | ||||||||||||
(185,863 | ) | (173,587 | ) | (215,408 | ) | (856,218 | ) | (513,827 | ) | (67,805 | ) | (7,187 | ) | |||||||||
Fixed Charges | ||||||||||||||||||||||
Interest expense, net(1) | 198,846 | 200,413 | 267,836 | 240,731 | 7,011 | — | — | |||||||||||||||
Interest capitalized | — | — | — | 12,861 | 226,070 | 66,826 | — | |||||||||||||||
198,846 | 200,413 | 267,836 | 253,592 | 233,081 | 66,826 | — | ||||||||||||||||
Deficiency | $ | 384,709 | $ | 374,000 | $ | 483,244 | $ | 1,109,810 | $ | 746,908 | $ | 134,631 | $ | N/A |
- (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.