Exhibit 12
Ratio Earnings to Fixed Charges
Premier Parks Inc.
Computation of Ratio of Earnings to Fixed Charges
For Each of the Years in the 5 Year Period Ended December 31, 1994 and Six
Months Ended June 30, 1995 and 1994
Computation of Pro Forma Earnings to Combined Fixed Charges and Preferred
Stock Dividends Year ended December 31, 1994 and Six Months Ended June 30, 1995
PRO FORMA
-----------------
SIX SIX SIX
MONTHS MONTHS MONTHS
---------------------------------------------- ENDED ENDED ENDED
1990 1991 1992 1993 1994 1994 June 30, 1995 June 30, 1995 June 30, 1994
Earnings:
Earnings (loss) from continuing operations (937) (118) (1,735) 1,354 102 (787) (6,487) (1,871) (2,315)
Income tax expense (benefit) -- -- 426 91 68 387 (4,092) (1,244) (1,544)
Interest expense, net (59) 858 1,413 1,438 2,299 9,862 4,958 1,383 1,081
Equity in loss of affiliated partnerships 326 176 122 142 83 83 39 39 37
Minority interest in earnings -- 223 270 -- --
1/3 of rental expense -- 5 23 23 107 279 126 54 32
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Adjusted earnings (loss) (670) 1,144 519 3,048 2,659 9,826 (5,456) (1,639) (2,709)
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Fixed Charges:
Interest expense -- 858 1,413 1,438 2,299 9,862 4,958 1,383 1,081
1/3 of rental expense -- 5 23 23 107 279 126 54 32
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Total fixed charges -- 863 1,436 1,461 2,406 10,141 5,084 1,437 1,113
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Ratio of earnings to fixed charges N/A 1.3 0.4 2.1 1.1 1.0 N/A N/A N/A
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670 917 315 10,540 3,076 3,822
Deficiency
Exhibit 12
Ratio Earnings to Fixed Charges
Funtime Parks, Inc.
Computation of Ratio of Earnings to Fixed Charges
For Each of the Years in the 5 Year Period Ended December 31, 1994 and Six Months Ended
June 30, 1995 and 1994
Year Ended December 31, Six Six
--------------------------------------------------------- Months Ended Months Ended
1990 1991 1992 1993 1994 June 30, 1995 June 30, 1994
---- ---- ---- ---- ----
Earnings:
Net earnings 720 1,003 384 3,540 263 (4,257) (3,889)
Income tax expense (benefit) 1,106 1,540 1,612 2,045 851 (2,222) (2,486)
Interest expense, net 5,155 4,150 3,001 2,783 4,792 2,741 2,397
1/3 of rental expense 146 128 154 155 173 72 74
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Adjusted earnings (loss) 7,127 6,821 5,151 8,523 6,079 (4,166) (3,904)
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Fixed Charges:
Interest expense 5,155 4,150 3,001 2,783 4,792 2,741 2,397
1/3 of rental expense 146 128 154 155 173 72 74
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Total fixed charges 5,301 4,278 3,155 2,938 4,965 2,813 2,471
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Ratio of earnings to fixed charge 1.3 1.6 1.6 2.9 1.2 N/A N/A
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Deficiency 6,979 6,375