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S-3ASR Filing
MGM Resorts International (MGM) S-3ASRAutomatic shelf registration
Filed: 15 Mar 12, 12:00am
MGM RESORTS INTERNATIONAL
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Years Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||||
| (In thousands) | |||||||||||||||
Earnings | ||||||||||||||||
Income from continuing operations before income taxes | $ | 2,158,428 | $ | (668,988 | ) | $ | (2,012,593 | ) | $ | (2,216,025 | ) | $ | 2,831,631 | |||
Earnings from unconsolidated affiliates | (162,217 | ) | (40,752 | ) | 188,178 | 190,659 | 27,919 | |||||||||
Distributed income of unconsolidated affiliates | 211,062 | 70,546 | 93,886 | 227,764 | 63,013 | |||||||||||
Fixed charges (see below) | 924,294 | 795,049 | 1,028,673 | 1,113,580 | 1,086,832 | |||||||||||
Capitalized interest | (215,951 | ) | (185,763 | ) | (253,242 | ) | — | (33 | ) | |||||||
2,915,616 | (29,908 | ) | (955,098 | ) | (684,022 | ) | 4,009,362 | |||||||||
Fixed charges | ||||||||||||||||
Interest expense, net(1) | 708,343 | 609,286 | 775,431 | 1,113,580 | 1,086,832 | |||||||||||
Capitalized interest | 215,951 | 185,763 | 253,242 | — | 33 | |||||||||||
924,294 | 795,049 | 1,028,673 | 1,113,580 | 1,086,865 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.15x | (2) | (2) | (2) | 3.69x | |||||||||||