EXHIBIT 12.1
UNITED ARTISTS THEATRE COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
THREE MONTHS ENDED
YEARS ENDED DECEMBER 31, MARCH 31,
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PRO FORMA PRO FORMA
1993 1994 1995 1996 1997 1997(1) 1997 1998 1998(1)
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Earnings:
Pretax income (loss)
from continuing
operations.............. $(30.7) (28.5) (63.0) (44.7) (25.5) (36.3) (1.8) 0.3 (3.7)
Minority interest in
earnings of subsidiaries
that have fixed
charges................. 1.4 1.2 1.3 0.8 1.3 1.3 0.4 0.4 0.4
Share of losses of
affiliates.............. -- -- -- 0.5 1.6 1.6 0.5 -- --
Fixed charges (from
below).................. 60.6 62.6 72.6 69.7 71.6 82.4 17.6 17.0 21.1
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Total Earnings........ $ 31.3 $35.3 $10.9 $26.3 $49.0 $49.0 $16.7 $17.7 $17.7
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Fixed Charges:
Interest expense and
amortization of debt
expense................. $ 43.7 45.4 53.8 45.7 46.1 56.9 11.5 10.5 14.5
Rent expense
representing interest... 16.9 17.2 18.8 24.0 25.5 25.5 6.1 6.5 6.5
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Total Fixed Charges..... $ 60.6 62.6 72.6 69.7 71.6 82.4 17.6 17.0 21.1
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Ratio of Earnings to
Fixed Charges........... -- -- -- -- -- -- -- 1.0x --
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Deficiency.............. 29.3 27.3 61.7 43.4 22.6 33.4 0.9 (0.7) 3.3
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(1) Assumes that the Transactions occurred on January 1, 1997.