EXHIBIT 12.2
ALLIANCE GAMING CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
PRO FORMA COMBINED FINANCIAL INFORMATION
-----------------------------------------
SIX MONTH TWELVE-MONTH SIX MONTH
PERIODS ENDED YEAR ENDED PERIOD ENDED PERIODS ENDED
FISCAL YEARS ENDED JUNE 30, DECEMBER 31, JUNE 30, DECEMBER 31, DECEMBER 31,
---------------------------------------------- ---------------- ---------- ------------ -----------------
1991 1992 1993 1994 1995 1994 1995 1995 1995 1994 1995
-------- ------- ------- -------- -------- ------- ------- ---------- ------------ ------- --------
Earnings:
Net (loss)........ $(15,816) $(4,680) $(3,650) $(13,128) $(10,752) $(5,016) $(9,431) $ (3,381) $ (6,730) $(4,145) $ (7,494)
Income taxes...... (5,958) 241 265 290 787 2,555 2,642 1,202 1,289
Imputed interest
on rents......... 16,485 16,647 19,966 21,700 21,843 10,945 10,721 22,734 22,515 11,105 10,886
Interest and debt
discount 4,663 4,505 5,046 6,830 8,133 3,915 4,288 15,223 15,359 7,436 7,572
amortization..... -------- ------- ------- -------- -------- ------- ------- -------- -------- ------- --------
Earnings (loss)
as defined for $ (626) $16,472 $21,362 $ 15,643 $ 19,489 $10,134 $ 6,365 $ 37,131 $ 33,786 $15,598 $ 12,253
ratio.......... ======== ======= ======= ======== ======== ======= ======= ======== ======== ======= ========
Fixed Charges:
Imputed interest
on rents......... $ 16,485 $16,647 $19,966 $ 21,700 $ 21,843 $10,945 $10,721 $ 22,734 $ 22,515 $11,105 $ 10,886
Interest and debt
discount 4,663 4,505 5,046 6,830 8,133 3,915 4,288 15,223 15,359 7,436 7,572
amortization..... -------- ------- ------- -------- -------- ------- ------- -------- -------- ------- --------
Fixed charges as
defined for $ 21,148 $21,152 $25,012 $ 28,530 $ 29,976 $14,860 $15,009 $ 37,957 $ 37,874 $18,541 $ 18,458
ratio.......... ======== ======= ======= ======== ======== ======= ======= ======== ======== ======= ========
Ratio of earnings (0.03) 0.78 0.85 0.55 0.65 0.68 0.42 .98 .89 .84 0.66
to fixed charges.. ======== ======= ======= ======== ======== ======= ======= ======== ======== ======= ========
Amount by which
earnings were
(inadequate) to
cover fixed $(21,774) $(4,680) $(3,650) $(12,887) $(10,487) $(4,726) $(8,644) $ (826) $ (4,088) $(2,943) $ (6,205)
charges........... ======== ======= ======= ======== ======== ======= ======= -------- -------- ------- --------
Pro forma fixed
charge for Series
B Special Stock -- -- -- -- -- -- -- (11,674) (11,674) (5,837) (5,837)
dividend.......... -------- ------- ------- -------- -------- ------- ------- -------- -------- ------- --------
Amount by which pro
forma earnings
were (inadequate)
to cover fixed
charges and Series
B Special Stock -- -- -- -- -- -- -- $(12,500) $(15,762) $(8,780) $(12,042)
dividend.......... ======== ======= ======= ======== ======== ======= ======= ======== ======== ======= ========