Exhibit 12.2 Premier Parks Inc. Computation of Ratio of Earnings to Fixed Charges For each of the Years in the 5-Year Period Ended December 31, 1998 Year Ended December 31, ----------------------- 1994 1995 1996 ---- ---- ---- EARNINGS: Income (loss) before extraordinary loss 102 (1,045) 1,765 Income tax expense (benefit) 68 (762) 1,497 Interest expense 2,299 5,578 11,121 Equity in loss (income) of partnerships 83 69 78 Distributions received from equity investees - - - Minority interest in earnings - - - 1/3 of rental expense 107 183 405 ----------------------- Adjusted earnings (loss) 2,659 4,023 14,866 ======================= FIXED CHARGES: Interest expense 2,299 5,578 11,121 1/3 of rental expense 107 183 405 ----------------------- Total fixed charges 2,406 5,761 11,526 ======================= Ratio of earnings to fixed charges 1.1 0.7 1.3 ----------------------- Deficiency 1,738 Year Ended December 31, ----------------------- 1997 1998 ---- ---- EARNINGS: Income (loss) before extraordinary loss 14,099 35,628 Income tax expense (benefit) 9,615 40,716 Interest expense 17,775 149,820 Equity in loss (income) of partnerships 59 (24,054) Distributions received from equity investees - 19,931 Minority interest in earnings - 960 1/3 of rental expense 743 2,639 ---------------------- Adjusted earnings (loss) 42,291 225,640 ====================== FIXED CHARGES: Interest expense 17,775 149,820 1/3 of rental expense 743 2,639 ---------------------- Total fixed charges 18,518 152,459 ====================== Ratio of earnings to fixed charges 2.3 1.5 ---------------------- Deficiency