EXHIBIT 12.1
LIONS GATE ENTERTAINMENT CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FIVE YEARS ENDED MARCH 31, 2003 AND
THE NINE MONTHS ENDED DECEMBER 31, 2002 AND 2003
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
Nine Months Ended
Fiscal Year Ended March 31, December 31,
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2003 2002 2001 2000 1999 2003 2002
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$ $ $ $ $ $ $
EARNINGS
Income (loss) before income
taxes, excluding equity
interests in unconsolidated
subsidiaries, gain on dilution
of investment in a subsidiary
and minority interests in
consolidated subsidiaries 3,082 (14,064) 10,739 2,549 (5,832) (54,216) 2,799
Interest capitalized (1,000) (2,900) (1,500) (2,447) (2,394) (982) (102)
Fixed charges 12,072 13,901 10,281 6,399 5,455 11,930 8,100
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TOTAL EARNINGS 14,154 (3,063) 19,520 6,501 (2,771) (43,268) 10,797
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FIXED CHARGES:
Interest expense and amortization
of deferred financing costs 10,339 10,128 8,116 3,522 2,781 10,450 7,530
Estimate of interest within rent
expense 733 873 665 430 280 498 468
Interest capitalized 1,000 2,900 1,500 2,447 2,394 982 102
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TOTAL FIXED CHARGES 12,072 13,901 10,281 6,399 5,455 11,930 8,100
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RATIO OF EARNINGS TO FIXED CHARGES 1.17 -(1) 1.90 1.02 -(2) -(3) 1.33
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(1) Earnings were insufficient to cover fixed charges by $16,964.
(2) Earnings were insufficient to cover fixed charges by $8,226.
(3) Earnings were insufficient to cover fixed charges by $55,198.