EXHIBIT 12.1
AMC ENTERTAINMENT INC. AND SUBSIDIARES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
RATIO OF EARNINGS TO FIXED CHARGES
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Pro Forma |
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Pro Forma |
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Pro Forma |
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Actual |
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Actual |
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Actual |
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Actual |
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Actual |
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Actual |
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Actual |
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52 Weeks |
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26 Weeks |
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52 Weeks |
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26 Weeks |
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26 Weeks |
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52 Weeks |
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52 Weeks |
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53 Weeks |
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52 Weeks |
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52 Weeks |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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Ended |
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September 30, 2010 |
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September 30, 2010 |
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April 1, 2010 |
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September 30, 2010 |
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October 1, 2009 |
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April 1, 2010 |
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April 2, 2009 |
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April 3, 2008 |
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March 29, 2007 |
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March 30, 2006 |
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EARNINGS |
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Earnings (loss) from continuing operations before income taxes or equity in (earnings) losses of non-consolidated entities |
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$ |
58,232 |
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$ |
62,990 |
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$ |
(9,911 |
) |
$ |
71,949 |
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$ |
(10,466 |
) |
$ |
(21,776 |
) |
$ |
(109,923 |
) |
$ |
11,244 |
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$ |
(59,833 |
) |
$ |
(83,575 |
) |
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Add:Fixed charges (below) |
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296,766 |
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149,140 |
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291,987 |
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147,459 |
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137,667 |
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279,012 |
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284,622 |
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303,346 |
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357,743 |
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239,398 |
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Amortization of capitalized interest |
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1,493 |
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688 |
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1,522 |
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688 |
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717 |
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1,522 |
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1,623 |
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1,493 |
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2,395 |
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1,253 |
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Distributed income of equity investees |
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30,210 |
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10,175 |
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34,463 |
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10,175 |
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14,428 |
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34,463 |
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29,978 |
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43,553 |
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236,260 |
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5 |
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Less:Interest capitalized (below) |
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(37 |
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(23 |
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(14 |
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(23 |
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— |
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(14 |
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(415 |
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(1,114 |
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(1,760 |
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(2,239 |
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Earnings for ratio |
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386,664 |
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222,970 |
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318,047 |
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230,248 |
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142,346 |
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293,207 |
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205,885 |
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358,522 |
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534,805 |
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154,842 |
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FIXED CHARGES: |
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Interest on borrowings |
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130,928 |
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65,750 |
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126,458 |
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65,750 |
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61,280 |
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126,458 |
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115,757 |
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131,157 |
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188,809 |
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114,030 |
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Interest on capital and financing lease obligations |
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5,618 |
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3,224 |
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5,652 |
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3,008 |
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2,826 |
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5,652 |
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5,990 |
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6,505 |
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4,669 |
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3,937 |
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Interest-discontinued operations |
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— |
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— |
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— |
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— |
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— |
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— |
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7,881 |
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11,927 |
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13,394 |
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4,119 |
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Interest capitalized |
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37 |
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23 |
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14 |
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23 |
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— |
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14 |
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415 |
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1,114 |
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1,760 |
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2,239 |
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Estimated interest portion of rental expense (1) |
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160,183 |
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80,143 |
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159,863 |
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78,678 |
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73,561 |
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146,888 |
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149,601 |
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146,463 |
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142,681 |
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108,876 |
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Estimated interest portion of rental expense (1)-discontinued operations |
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— |
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— |
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— |
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— |
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— |
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— |
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4,978 |
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6,180 |
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6,430 |
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6,197 |
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Fixed Charges |
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296,766 |
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149,140 |
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291,987 |
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147,459 |
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137,667 |
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279,012 |
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284,622 |
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303,346 |
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357,743 |
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239,398 |
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FIXED CHARGES IN EXCESS OF EARNINGS |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
78,737 |
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$ |
— |
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$ |
— |
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$ |
84,556 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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1.3 |
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1.5 |
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1.1 |
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1.6 |
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1.0 |
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1.1 |
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1.2 |
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1.5 |
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