MOHEGAN TRIBAL GAMING AUTHORITY - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - December 28, 2009

Attached files

file filename
EX-4.43 - EXHIBIT 4.43 - MOHEGAN TRIBAL GAMING AUTHORITYdex443.htm
EX-32.2 - EXHIBIT 32.2 - MOHEGAN TRIBAL GAMING AUTHORITYdex322.htm
EX-31.2 - EXHIBIT 31.2 - MOHEGAN TRIBAL GAMING AUTHORITYdex312.htm
EX-4.44 - EXHIBIT 4.44 - MOHEGAN TRIBAL GAMING AUTHORITYdex444.htm
EX-32.1 - EXHIBIT 32.1 - MOHEGAN TRIBAL GAMING AUTHORITYdex321.htm
EX-31.1 - EXHIBIT 31.1 - MOHEGAN TRIBAL GAMING AUTHORITYdex311.htm
EX-10.35 - EXHIBIT 10.35 - MOHEGAN TRIBAL GAMING AUTHORITYdex1035.htm
EX-10.36 - EXHIBIT 10.36 - MOHEGAN TRIBAL GAMING AUTHORITYdex1036.htm
EX-10.37 - EXHIBIT 10.37 - MOHEGAN TRIBAL GAMING AUTHORITYdex1037.htm
EX-10.38 - EXHIBIT 10.38 - MOHEGAN TRIBAL GAMING AUTHORITYdex1038.htm
10-K - FORM 10-K - MOHEGAN TRIBAL GAMING AUTHORITYd10k.htm

Exhibit 12.1

 

     For the Fiscal Years Ended September 30,  
     2009     2008     2007     2006     2005  
     (in thousands, except ratios)  

Income from continuing operations before minority interests

    $ 117,352      $ 146,531      $ 171,898      $ 154,350      $ 22,925   

Fixed charges

      132,691        128,861        126,975        123,553        116,134   

Amortization of capitalized interest

      2,263        1,287        1,945        3,186        3,276   

Capitalized interest

      (1,062 )      (6,548 )      (1,673 )      (1,180 )      (21 ) 

Minority interests

      1,992        2,729        648        420        514   
                                        

Earnings

    $ 253,236      $ 272,860      $ 299,793      $ 280,329      $ 142,828   
                                        

Interest expense, net of capitalized interest

    $ 101,407      $ 88,962      $ 90,528      $ 87,952      $ 84,905   

Capitalized interest

      1,062        6,548        1,673        1,180        21   

Amortization of debt issuance costs

      8,282        4,831        3,835        2,976        3,106   

Interest portion of rental expense (1)

      1,515        1,435        1,145        738        636   

Accretion of discount to the relinquishment liability

      20,425        27,085        29,794        30,707        27,466   
                                        

Total fixed charges

    $ 132,691      $ 128,861      $ 126,975      $ 123,553      $ 116,134   
                                        

Ratio of earnings to fixed charges

      1.91        2.12        2.36        2.27        1.23   
                                        

 

(1) A 10.0% factor was utilized to calculate the interest portion of rental expense, which the Authority believes to be a reasonable approximation.

 

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MOHEGAN TRIBAL GAMING AUTHORITY Reports