Six Flags Entertainment (FUN) 10-K2013 FY Annual report

Filed: 26 Feb 14, 12:00am

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Exhibit 12.1

CEDAR FAIR, L.P.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($'s in thousands)



For the years ended December 31,		2013			2012			2011			2010 ⁽¹⁾			2009
Fixed charges:
	Interest expensed	$	103,071		$	110,619		$	157,185		$	150,285		$	124,706
	Interest capitalized	1,610			1,322			1,835			1,343			1,617
	Amortization of capitalized debt costs	6,130			10,417			10,000			5,671			5,887
	Interest component of rental expense	3,142			2,970			2,419			2,327			2,378

	Total fixed charges	$	113,953		$	125,328		$	171,439		$	159,626		$	134,588

Earnings:
	Net income (loss)	$	108,204		$	101,857		$	65,296		$	(33,052	)	$	34,184
	Add:
	Income tax expense	20,243			31,757			7,877			2,670			14,570
	Fixed charges	113,953			125,328			171,439			159,626			134,588
	Amortization of capitalized interest	830			761			659			581			470
	Less:
	Interest capitalized	(1,610		)	(1,322		)	(1,835		)	(1,343		)	(1,617		)

	Total earnings	$	241,620		$	258,381		$	243,436		$	128,482		$	182,195

Ratio of total earnings to total fixed charges		2.1x			2.1x			1.4x			0.8x			1.4x
Excess		127,667			133,053			71,997			(31,144		)	47,607

(1) Operating results for 2010 include a loss on debt extinguishment of $35.3 million and a non-cash charge of $62.0 million for the impairment of long-lived assets at Great America, the majority of which were originally recorded with the PPI acquisition.

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