Exhibit 12.1
MOHEGAN TRIBAL GAMING AUTHORITY
RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Years Ended September 30,
2001 2000 1999 1998 1997(1)
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(in thousands, except ratios)
Income from continuing operations $214,532 $146,608 $ 320 $ 88,148 $ 39,374
Amortization of capitalized interest 794 794 794 794 794
Fixed charges 65,626 50,904 58,442 51,055 46,327
Capitalized interest (40,715) (9,880) (534) -- --
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Earnings $240,237 $188,426 $ 59,022 $139,997 $ 86,495
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Interest expense $ 20,375 $ 37,799 $ 55,595 $ 50,172 $ 45,095
Capitalized interest 40,715 9,880 534 -- --
Amortization of financing fees 4,536 3,225 2,313 883 1,232
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Total Fixed Charges $ 65,626 $ 50,904 $ 58,442 $ 51,055 $ 46,327
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Ratio of earnings to fixed charges 3.66x 3.70x 1.01x 2.74x 1.87x
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(1) The Authority commenced operations at Mohegan Sun on October 12, 1996.