United Artists Theatre Circuit, Inc. Exhibit 12.1
Ratio of Earnings to Fixed Charges
(Dollars in Millions)
Successor Corporation
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Three Months Ended Years Ended
March 31, December 31,
---------------------- ----------------------------------------
1997 1996 1996 1995 1994 1993
---- ---- ---- ---- ---- ----
Earnings:
Pretax income (loss) from
continuing operations................................... $ (1.9) (12.4) (45.5) (67.5) (26.6) (30.2)
Minority interest in earnings of
consolidated subsidiaries that have fixed charges....... 0.4 0.2 0.8 1.3 1.2 1.4
Fixed charges (from below)................................ 17.0 15.6 67.0 65.4 56.3 55.1
---- ---- ---- ---- ---- ----
Total Earnings (Loss)..................................... $ 15.5 3.4 22.3 (0.8) 30.9 26.3
==== ==== ==== ==== ==== ====
Fixed Charges:
Interest expense and amortization of debt expense......... $ 9.7 8.7 38.3 41.0 33.0 31.6
Rent expense representing interest........................ 7.3 6.9 28.7 24.4 23.3 23.5
---- ---- ---- ---- ---- ----
Total Fixed Charges....................................... 17.0 15.6 17.0 65.4 56.3 55.1
==== ==== ==== ==== ==== ====
Ratio of Earnings to Fixed Charges........................ - - - - - -
==== ==== ==== ==== ==== ====
Deficiency................................................ $ (1.5) 12.2 44.7 66.2 25.4 28.8
==== ==== ==== ==== ==== ====
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
Total Earnings............................................ n/a n/a n/a n/a n/a n/a
Total Fixed Charges....................................... n/a n/a n/a n/a n/a n/a
Ratio of Earnings to Fixed Charges........................ n/a n/a n/a n/a n/a n/a
Predecessor
Corporation
----------------
Period from Period from
May 13, 1992 January 1, 1992
to to
December 31, 1992 May 12, 1992
----------------- ------------
Earnings:
Pretax income (loss) from
continuing operations................................... (26.9) 0.0
Minority interest in earnings of
consolidated subsidiaries that havefixed charges........ 0.7 0.5
Fixed charges (from below)................................ 35.7 17.0
---- ----
Total Earnings (Loss)..................................... 9.5 17.5
==== ====
Fixed Charges:
Interest expense and amortization of debt expense......... 20.6 9.0
Rent expense representing interest........................ 15.1 8.0
---- ----
Total Fixed Charges....................................... 35.7 17.0
==== ====
Ratio of Earnings to Fixed Charges........................ - 1.0
==== ====
Deficiency................................................ 26.2 -
==== ====
Consideration of Management Fees on
Ratio of Earnings to Fixed Charges:
Management Fees........................................... n/a 3.0
Total Earnings............................................ n/a 20.5
Total Fixed Charges....................................... n/a 20.0
Ratio of Earnings to Fixed Charges........................ n/a 1.0
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