Exhibit 12
Trump Casino Holdings, LLC
Computation of Earnings to Fixed Charges
(Dollars in Thousands)
Year ended December 31,
------------------------------------------------
1998 1999 2000 2001 2002
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Earnings
Pre-tax income (loss) from operations...... $(30,809) $(28,095) $(30,022) $(19,097) $(12,017)
Fixed Charges.............................. 62,509 62,182 63,465 66,771 72,400
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Total earnings available for fixed
charges.............................. $ 31,700 $ 34,087 $ 33,443 $ 47,674 $ 60,383
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Fixed Charges
Interest expense .......................... $ 61,305 $ 61,225 $ 62,450 $ 65,685 $ 70,728
Interest component of operating leases..... 1,204 957 1,015 1,086 1,672
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Total fixed charges.................... $ 62,509 $ 62,182 $ 63,465 $ 66,771 $ 72,400
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Earnings were insufficient to cover fixed charges by $30,809, $28,095, $30,022,
$19,097, and $12,017 for the years ended December 31, 1998, 1999, 2000, 2001,
and 2002, respectively.
For purposes of this ratio, earnings consist of income (loss) before income
taxes and losses from 50 percent owned joint venture as Company does not service
or guarantee any debt of Buffington Harbor Riverboats LLC. Fixed charges include
interest expenses plus the portion of rent expense under operating leases deemed
by us to be representative of the interest factor.