EXHIBIT 12
CINEMARK USA, INC. AND SUBSIDIARIES
10K
COMPUTATION OF EARNINGS TO FIXED CHARGES
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12 Mos Ended 12 Mos Ended 12 Mos Ended 12 Mos Ended
Dec. 31, 2001 Dec. 31, 2000 Dec. 31, 1999 Dec. 31, 1998
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COMPUTATION OF EARNINGS:
REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS (18,135,897) (10,171,364) 7,711,789 22,476,984
CAPITALIZED INTEREST 217,288 (180,622) (3,987,319) (4,182,404)
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TOTAL EARNINGS (17,918,609) (10,351,986) 3,724,470 18,294,580
COMPUTATION OF FIXED CHARGES:
INTEREST EXPENSE 68,368,292 72,977,272 58,836,739 42,083,479
CAPITALIZED INTEREST 215,704 613,614 4,312,499 4,397,643
AMORTIZATION OF DEBT ISSUE COST & DEBT DISCOUNT 2,562,328 1,059,949 1,030,339 930,101
INTEREST FACTOR ON RENT EXPENSE 38,245,508 36,162,868 29,936,114 20,427,123
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TOTAL FIXED CHARGES 109,391,832 110,813,703 94,115,691 67,838,346
TOTAL EARNINGS AND FIXED CHARGES 91,473,223 100,461,717 97,840,161 86,132,926
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RATIO OF EARNINGS TO FIXED CHARGES 0.84 0.91 1.04 1.27
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