Exhibit 12.1
CAESARS GROWTH PROPERTIES HOLDINGS, LLC
COMPUTATION OF RATIOS
(In millions, except ratio amounts)
| Three months ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||
Income / (loss) before income taxes | $ | 10.2 | $ | 31.3 | $ | (208.8 | ) | $ | 81.5 | $ | 121.2 | $ | 147.8 | $ | 64.1 | |||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expensed and capitalized | 39.9 | 12.3 | 152.5 | 46.6 | 21.3 | 38.7 | 26.2 | |||||||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness |
| 2.0 |
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| 6.1 |
| 14.7 | 27.3 | 31.5 | 9.1 | 14.4 | |||||||||||||||||
Estimate of interest within rental expense | 4.1 | 3.8 | 16.8 | 10.6 | 12.2 | 12.0 | 12.9 | |||||||||||||||||||||
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Total fixed charges | 46.0 | 22.2 | 184.0 | 84.5 | 65.0 | 59.8 | 53.5 | |||||||||||||||||||||
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Amortization of capitalized interest | 0.6 | 0.5 | 1.2 | 1.0 | 1.0 | 0.9 | 0.9 | |||||||||||||||||||||
Interest capitalized | 2.3 | 3.5 | 9.2 | 8.9 | 1.1 | — | — | |||||||||||||||||||||
Income / (loss) before income taxes plus fixed charges plus amortization of capitalized interest less capitalized interest | $ | 54.5 |
| $ | 50.5 |
| $ | (32.8 | ) | $ | 158.1 | $ | 186.1 | $ | 208.5 | $ | 118.5 | |||||||||||
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Ratio of earnings to fixed charges | 1.2 | 2.3 | (0.2 | ) | 1.9 | 2.9 | 3.5 | 2.2 | ||||||||||||||||||||
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