EXHIBIT 12.1
ELDORADO RESORTS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||
(dollars in thousands) | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations before (income) loss from unconsolidated affiliates and noncontrolling interests | 1,701 | 5,206 | 38,046 | 41,143 | (15,156 | ) | 15,542 | 7,961 | ||||||||||||||||||||
Add: Fixed charges (from below) | 12,680 | 12,996 | 50,941 | 61,876 | 30,752 | 15,681 | 16,069 | |||||||||||||||||||||
Add: Distributions from unconsolidated affiliates | — | — | — | — | 509 | 1,626 | 893 | |||||||||||||||||||||
Less: Capitalized interest | — | — | — | (151 | ) | — | — | — | ||||||||||||||||||||
Less: Net loss—noncontrolling interest | — | — | — | — | 103 | — | — | |||||||||||||||||||||
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Total Earnings available for fixed charges | 14,381 | 18,202 | 88,987 | 102,868 | 16,208 | 32,849 | 24,923 | |||||||||||||||||||||
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Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | 12,680 | 12,996 | 50,941 | 61,725 | 30,752 | 15,681 | 16,069 | |||||||||||||||||||||
Capitalized interest | — | — | — | 151 | — | — | — | |||||||||||||||||||||
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Total Fixed charges | 12,680 | 12,996 | 50,941 | 61,876 | 30,752 | 15,681 | 16,069 | |||||||||||||||||||||
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Ratio of earnings to fixed charges | 1.1 | x | 1.4 | x | 1.7 | x | 1.7 | x | 0.5 | x | 2.1 | x | 1.6 | x | ||||||||||||||
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Excess (Deficiency) of fixed charges over earnings | 1,701 | 5,206 | 38,046 | 40,992 | (14,544 | ) | 17,168 | 8,854 |