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EXHIBIT 12
CINEMARK USA, INC. AND SUBSIDIARIES
10K
COMPUTATION OF EARNINGS TO FIXED CHARGES
12 Mos Ended 12 Mos Ended 12 Mos Ended 12 Mos Ended 12 Mos Ended
Dec. 31,2000 Dec. 31,1999 Dec. 31,1998 Dec. 31,1997 Dec. 31,1996
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COMPUTATION OF EARNINGS:
REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS (10,423,085) 7,711,789 22,476,984 25,690,013 26,962,461
CAPITALIZED INTEREST (180,622) (3,987,319) (4,182,404) (1,991,397) (3,865,246)
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TOTAL EARNINGS (10,603,707) 3,724,470 18,294,580 23,698,616 23,097,215
COMPUTATION OF FIXED CHARGES:
INTEREST EXPENSE 36,814,404 28,900,625 22,476,984 32,703,303 19,551,655
CAPITALIZED INTEREST 613,614 4,312,499 4,397,643 2,152,816 3,928,454
AMORTIZATION OF DEBT ISSUE COST & DEBT DISCOUNT 1,059,949 1,030,339 930,101 783,972 824,743
INTEREST FACTOR ON RENT EXPENSE 36,162,868 29,936,114 20,427,123 12,911,689 11,468,682
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TOTAL FIXED CHARGES 74,650,835 64,179,577 48,231,851 48,551,780 35,773,534
TOTAL EARNINGS AND FIXED CHARGES 64,047,128 67,904,047 66,526,431 72,250,396 58,870,749
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RATIO OF EARNINGS TO FIXED CHARGES 0.86 1.06 1.38 1.49 1.65
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12 Mos Ended
Dec. 31,1995
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REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS 23,256,537
CAPITALIZED INTEREST (1,726,155)
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TOTAL EARNINGS 21,530,382
COMPUTATION OF FIXED CHARGES:
INTEREST EXPENSE 18,549,833
CAPITALIZED INTEREST 1,745,720
AMORTIZATION OF DEBT ISSUE COST & DEBT DISCOUNT 824,014
INTEREST FACTOR ON RENT EXPENSE 10,291,069
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TOTAL FIXED CHARGES 31,410,636
TOTAL EARNINGS AND FIXED CHARGES 52,941,018
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RATIO OF EARNINGS TO FIXED CHARGES 1.69
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