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CINEMARK USA, INC. AND SUBSIDIARIES EXHIBIT 12
10K
COMPUTATION OF EARNINGS TO FIXED CHARGES
12 MOS ENDED 12 MOS ENDED 12 MOS ENDED
DEC. 31, 1999 DEC. 31, 1998 DEC. 31, 1997
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COMPUTATION OF EARNINGS
REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS 7,711,789 22,476,984 25,690,013
CAPITALIZED INTEREST (3,987,319) (4,182,404) (1,991,397)
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TOTAL EARNINGS 3,724,470 18,294,580 23,698,616
COMPUTATION OF FIXED CHARGES
INTEREST EXPENSE 28,900,625 22,476,984 32,703,303
CAPITALIZED INTEREST 4,312,499 4,397,643 2,152,816
AMORTIZATION OF DEBT ISSUE COST & DEBT DISCOUNT 1,030,339 930,101 783,972
AMORTIZATION OF NEW DEBT DISCOUNT
INTEREST FACTOR ON RENT EXPENSE 29,936,114 20,427,123 12,911,689
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TOTAL FIXED CHARGES 64,179,577 48,231,851 48,551,780
TOTAL EARNINGS AND FIXED CHARGES 67,904,047 66,526,431 72,250,396
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RATIO OF EARNINGS TO FIXED CHARGES 1.06 1.38 1.49
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12 MOS ENDED 12 MOS ENDED 12 MOS ENDED
DEC. 31, 1996 DEC. 31, 1995 DEC. 31, 1994
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COMPUTATION OF EARNINGS
REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS 26,962,461 23,256,537 14,073,947
CAPITALIZED INTEREST (3,865,246) (1,726,155) (560,185)
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TOTAL EARNINGS 23,097,215 21,530,382 13,513,762
COMPUTATION OF FIXED CHARGES
INTEREST EXPENSE 19,551,655 18,549,833 18,133,438
CAPITALIZED INTEREST 3,928,454 1,745,720 565,610
AMORTIZATION OF DEBT ISSUE COST & DEBT DISCOUNT 824,743 824,014 783,515
AMORTIZATION OF NEW DEBT DISCOUNT
INTEREST FACTOR ON RENT EXPENSE 11,468,682 10,291,069 9,866,567
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TOTAL FIXED CHARGES 35,773,534 31,410,636 29,349,130
TOTAL EARNINGS AND FIXED CHARGES 58,870,749 52,941,018 42,862,892
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RATIO OF EARNINGS TO FIXED CHARGES 1.65 1.69 1.46
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