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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 12 Mos Ended 12 Mos Ended
Dec. 31, 1997 Dec. 31, 1996 Dec. 31, 1995 Dec. 31, 1994 Dec. 31, 1993
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COMPUTATION OF EARNINGS:
REGISTRANT'S PRETAX INCOME
FROM CONTINUING OPERATIONS 25,690,013 26,962,461 23,256,537 14,073,947 15,890,531
CAPITALIZED INTEREST (1,991,397) (3,865,246) (1,726,155) (560,185) 5,425
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TOTAL EARNINGS 23,698,616 23,097,215 21,530,382 13,513,762 15,895,956
COMPUTATION OF FIXED CHARGES:
INTEREST EXPENSE 32,703,303 19,551,655 18,549,833 18,133,438 16,573,409
CAPITALIZED INTEREST 2,152,816 3,928,454 1,745,720 565,610
AMORTIZATION OF DEBT ISSUE COST
& DEBT DISCOUNT 783,972 824,743 824,014 783,515 528,724
AMORTIZATION OF NEW DEBT DISCOUNT
INTEREST FACTOR OR RENT EXPENSE 12,911,689 11,468,682 10,291,069 9,866,567 9,089,838
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TOTAL FIXED CHARGES 48,551,780 35,773,534 31,410,636 29,349,130 26,191,971
TOTAL EARNINGS AND FIXED CHARGES 72,250,396 58,870,749 52,941,018 42,862,892 42,087,927
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RATIO OF EARNINGS TO FIXED CHARGES 1.49 1.65 1.69 1.46 1.61
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