Exhibit 12.1
LIONS GATE ENTERTAINMENT CORP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO
OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS
FIVE YEARS ENDED MARCH 31,
2003 AND THE THREE MONTHS ENDED JUNE 30, 2002 AND 2003
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)
Three months ended
Fiscal Year Ended March 31, June 30,
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2003 2002 2001 2000 1999 2003 2002
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$ $ $ $ $ $ $
Income (loss) before income taxes, excluding
equity interests in unconsolidated
subsidiaries, gain on dilution of investment
in a subsidiary, and minority
interests in consolidated subsidiaries 3,082 (14,064) 10,739 2,549 (5,832) (11,596) 1,981
Interest capitalized (1,000) (2,900) (1,500) (2,447) (2,394) (392) -
Fixed charges 12,072 13,901 10,281 6,399 5,455 2,999 2,839
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TOTAL EARNINGS 14,154 (3,063) 19,520 6,501 (2,771) (8,989) 4,820
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FIXED CHARGES:
Interest expense and amortization of deferred
financing costs 10,339 10,128 8,116 3,522 2,781 2,448 2,636
Estimate of interest within rent expense 733 873 665 430 280 159 203
Interest capitalized 1,000 2,900 1,500 2,447 2,394 392 -
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TOTAL FIXED CHARGES 12,072 13,901 10,281 6,399 5,455 2,999 2,839
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Preferred share dividends 1,584 1,592 1,660 402 - 127 406
Effective income tax percentage applicable
to continuing operations 62.9% -1.2% -24.0% 76.9% -3.6% 2.2% 4.7%
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Preferred share dividends on pre-tax basis 4,271 1,574 1,339 1,738 - 130 426
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COMBINED FIXED CHARGES AND PREFERRED
SHARE DIVIDENDS 16,343 15,475 11,620 8,137 5,455 3,129 3,265
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RATIO OF EARNINGS TO FIXED CHARGES 1.17 (0.22) 1.90 1.02 (0.51) (3.00) 1.70
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED SHARE DIVIDENDS 0.87 (0.20) 1.68 0.80 (0.51) (2.87) 1.48
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