AMERICAN MEDIA INC - FORM 10-K - EX-12.1 - EXHIBIT - August 15, 2014

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EX-10.29 - EXHIBIT - AMERICAN MEDIA INCexhibit1029_amendmentno2xb.htm
EX-10.28 - EXHIBIT - AMERICAN MEDIA INCexhibit1028_amendmentno1xb.htm
EX-10.15 - EXHIBIT - AMERICAN MEDIA INCexhibit1015_amendmentno4xp.htm
EX-10.32 - EXHIBIT - AMERICAN MEDIA INCexhibit1032_amendmentno5xb.htm
EX-10.38 - EXHIBIT - AMERICAN MEDIA INCexhibit1038_amendmentno11x.htm
EX-10.26 - EXHIBIT - AMERICAN MEDIA INCexhibit1026_amendmentno9xh.htm
EX-10.27 - EXHIBIT - AMERICAN MEDIA INCexhibit1027_bonnettemploym.htm
EX-10.30 - EXHIBIT - AMERICAN MEDIA INCexhibit1030_amendmentno3xb.htm
EX-10.36 - EXHIBIT - AMERICAN MEDIA INCexhibit1036_amendmentno9xb.htm
EX-10.31 - EXHIBIT - AMERICAN MEDIA INCexhibit1031_amendmentno4xb.htm
EX-10.34 - EXHIBIT - AMERICAN MEDIA INCexhibit1034_amendmentno7xb.htm
EX-10.37 - EXHIBIT - AMERICAN MEDIA INCexhibit1037_amendmentno10x.htm
EX-10.35 - EXHIBIT - AMERICAN MEDIA INCexhibit1035_amendmentno8xb.htm
EX-10.33 - EXHIBIT - AMERICAN MEDIA INCexhibit1033_amendmentno6xb.htm
EXCEL - IDEA: XBRL DOCUMENT - AMERICAN MEDIA INCFinancial_Report.xls
EX-32 - EXHIBIT - AMERICAN MEDIA INCami-ex32_20140331.htm
EX-10.46 - EXHIBIT - AMERICAN MEDIA INCexhibit1046_amendmentno2xr.htm
EX-21.1 - EXHIBIT - AMERICAN MEDIA INCexhibit211_listingofsubsid.htm
EX-31.1 - EXHIBIT - AMERICAN MEDIA INCami-ex311x20140331.htm
10-K - 10-K - AMERICAN MEDIA INCami-20140331x10k.htm
EX-10.39 - EXHIBIT - AMERICAN MEDIA INCexhibit1039_amendmentno12x.htm
EX-10.45 - EXHIBIT - AMERICAN MEDIA INCexhibit1045_waivertocredit.htm
EX-31.2 - EXHIBIT - AMERICAN MEDIA INCami-ex312x20140331.htm


Exhibit 12.1


American Media, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)



 
 
Fiscal years ended March 31,
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income taxes
$
(19,993
)
 
$
(61,539
)
 
$
4,784

 
$
40

 
$
26,483

 
 
add: Fixed charges from below
60,017

 
61,212

 
60,007

 
59,748

 
54,494

 
Total earnings (loss)
$
40,024

 
$
(327
)
 
$
64,791

 
$
59,788

 
$
80,977

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
58,353

 
$
59,779

 
$
58,423

 
$
56,531

 
$
50,601

 
 
Amortization of debt costs
1,664

 
1,433

 
1,584

 
3,217

 
3,893

 
Total fixed charges
$
60,017

 
$
61,212

 
$
60,007

 
$
59,748

 
$
54,494

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
0.7

x
—

x
1.1

x
1.0

x
1.5

x
 
 
 
 
 
 
 
 
 
 
 
 
Coverage deficiency
n/a
 
$
61,539

 
n/a
 
n/a
 
n/a
 

The ratio of earnings to fixed charges is determined by dividing earnings by fixed charges. Earnings consists of (loss) income before income taxes plus fixed charges. Fixed charges consists of interest expense and amortization of debt costs.


AMERICAN MEDIA INC Reports