Six Flags Entertainment (FUN) 10-K 2014 FY Annual report

Exhibit 12.1

CEDAR FAIR, L.P.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($'s in thousands)

For the years ended December 31,		2014			2013			2012			2011			2010 (1)
Fixed charges:
	Interest expensed	$	96,286		$	103,071		$	110,619		$	157,185		$	150,285
	Interest capitalized	2,983			1,610			1,322			1,835			1,343
	Amortization of capitalized debt costs	4,602			6,130			10,417			10,000			5,671
	Interest component of rental expense	4,220			3,142			2,970			2,419			2,327
	Total fixed charges	$	108,091		$	113,953		$	125,328		$	171,439		$	159,626
Earnings:
	Net income (loss)	$	104,215		$	108,204		$	101,857		$	65,296		$	(33,052	)
	Add:
	Income tax expense	9,885			20,243			31,757			7,877			2,670
	Fixed charges	108,091			113,953			125,328			171,439			159,626
	Amortization of capitalized interest	897			830			761			659			581
	Less:
	Interest capitalized	(2,983		)	(1,610		)	(1,322		)	(1,835		)	(1,343		)
	Total earnings	$	220,105		$	241,620		$	258,381		$	243,436		$	128,482
Ratio of total earnings to total fixed charges		2.0x			2.1x			2.1x			1.4x			0.8x
Excess		112,014			127,667			133,053			71,997			(31,144		)

(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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