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EXHIBIT 12
CINEMARK USA, INC. AND SUBSIDIARIES
10K
COMPUTATION OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
12 Mos Ended 12 Mos Ended 12 Mos Ended 12 Mos Ended 12 Mos Ended
Dec. 31, 2002 Dec. 31, 2001 Dec. 31, 2000 Dec. 31, 1999 Dec. 31, 1998
------------- ------------- ------------- ------------- -------------
COMPUTATION OF EARNINGS:
REGISTRANT'S PRETAX INCOME FROM
CONTINUING OPERATIONS 64,737,055 (18,135,897) (10,171,364) 7,711,789 22,476,984
CAPITALIZED INTEREST 432,992 217,288 (180,622) (3,987,319) (4,182,404)
------------ ------------ ------------ ------------ ------------
TOTAL EARNINGS 65,170,047 (17,918,609) (10,351,986) 3,724,470 18,294,580
COMPUTATION OF FIXED CHARGES:
INTEREST EXPENSE 55,428,317 68,542,792 73,151,772 59,011,239 42,257,979
CAPITALIZED INTEREST 0 215,704 613,614 4,312,499 4,397,643
AMORTIZATION OF DEBT ISSUE COST 2,364,680 2,387,828 885,449 855,839 755,601
INTEREST FACTOR ON RENT EXPENSE 34,955,902 38,245,508 36,162,868 29,936,114 20,427,123
------------ ------------ ------------ ------------ ------------
TOTAL FIXED CHARGES 92,748,899 109,391,832 110,813,703 94,115,691 67,838,346
TOTAL EARNINGS AND FIXED CHARGES 157,918,946 91,473,223 100,461,717 97,840,161 86,132,926
------------ ------------ ------------ ------------ ------------
RATIO OF EARNINGS TO FIXED CHARGES 1.70 -- -- 1.04 1.27
============ ============ ============ ============ ============
</Table>
For the years ended December 31, 2001 and 2000, earnings were insufficient to
cover fixed charges by $17.9 million and $10.4 million, respectively.