EXHIBIT 12
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
BALLY TOTAL FITNESS HOLDING CORP
RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
Six months
1998 1999 2000 2001 2002 6/30/02 6/30/03
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EARNINGS
Add: Pretax income from continuing
operations $ 13.8 $ 43.3 $ 59.6 $ 69.2 $ 0.8 $ 41.9 $ 26.0
Fixed charges 73.2 86.6 102.4 101.0 101.9 51.4 51.0
Amort of capitalized interest 0.2 0.4 0.6 0.8 1.0 0.4 0.6
Less: Interest capitalized 0.5 1.4 3.9 4.0 2.9 1.8 0.5
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Earnings $ 86.7 $ 128.9 $ 158.7 $ 167.0 $ 100.8 $ 91.9 $ 77.1
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FIXED CHARGES
Interest expense $ 41.5 $ 52.4 $ 62.1 $ 58.8 $ 55.5 $ 28.2 $ 27.9
Interest capitalized 0.5 1.4 3.9 4.0 2.9 1.8 0.5
Interest in rent expense (a) 31.2 32.8 36.4 38.2 43.5 21.4 22.6
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Total fixed charges $ 73.2 $ 86.6 $ 102.4 $ 101.0 $ 101.9 $ 51.4 $ 51.0
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Earnings to fixed charge ratio 1.2 1.5 1.5 1.7 1.0 1.8 1.5
(a) estimated at one-third of rent expense