United Artists Theatre Circuit, Inc. Exhibit 12.1
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
Successor Corporation Predecessor Corporation
----------------------- ------------------------------
Period from Period from
Three Months Ended Years Ended May 13, 1992 January 1, 1992 Year Ended
March 31, December 31, to to December 31,
1996 1995* 1995 1994* 1993* December 31, 1992* May 12, 1992 1991
------- ------ ------ ----------- ---------- ------------------ --------------- -------------
Earnings:
Pretax income (loss) from
continuing operations...... $(12.4) (17.2) (67.5) (26.6) (30.2) (26.9) 0.0 (15.1)
Minority interest in
earnings of
consolidated subsidiaries
that havefixed charges.... 0.2 0.1 1.3 1.2 1.4 0.7 0.5 1.2
Fixed charges (from below)... 15.6 15.5 65.4 56.3 55.1 35.7 17.0 56.6
------ ----- ----- ----- ----- ----- ---- -----
Total Earnings (Loss)........ $ 3.4 (1.6) (0.8) 30.9 26.3 9.5 17.5 42.7
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Fixed Charges:
Interest expense and
amortization of debt expense $ 8.7 9.5 41.0 33.0 31.6 20.6 9.0 35.1
Rent expense representing
interest.................... 6.9 6.0 24.4 23.3 23.5 15.1 8.0 21.5
------ ----- ----- ----- ----- ----- ---- -----
Total Fixed Charges.......... 15.6 15.5 65.4 56.3 55.1 35.7 17.0 56.6
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Ratio of Earnings to Fixed
Charges..................... - - - - - - 1.0 -
====== ===== ===== ===== ===== ===== ==== =====
Deficiency................... $ 12.2 17.1 66.2 25.4 28.8 26.2 - 13.9
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Consideration of Management
Fees on
Ratio of Earnings to Fixed
Charges:
Management Fees.............. n/a n/a n/a n/a n/a n/a 3.0 n/a
Total Earnings............... n/a n/a n/a n/a n/a n/a 20.5 n/a
Total Fixed Charges.......... n/a n/a n/a n/a n/a n/a 20.0 n/a
Ratio of Earnings to Fixed
Charges..................... n/a n/a n/a n/a n/a n/a 1.0 n/a
*Restated