Attached files
| file | filename |
|---|---|
| EX-21.1 - EXHIBIT 21.1 - AMERICAN MEDIA INC | exhibit211_listingofsubsid.htm |
| EX-10.9 - EXHIBIT 10.9 - AMERICAN MEDIA INC | exhibit109_amendmentandres.htm |
| EX-10.8 - EXHIBIT 10.8 - AMERICAN MEDIA INC | exhibit108_waivertorevolvi.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERICAN MEDIA INC | ami-ex311x20150331.htm |
| EX-32 - EXHIBIT 32 - AMERICAN MEDIA INC | ami-ex32_20150331.htm |
| 10-K - 10-K - AMERICAN MEDIA INC | ami-20150331x10k.htm |
| XML - IDEA: XBRL DOCUMENT - AMERICAN MEDIA INC | R9999.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERICAN MEDIA INC | ami-ex312x20150331.htm |
Exhibit 12.1
American Media, Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal years ended March 31, | |||||||||||||||||||||
(in thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings | |||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (56,931 | ) | $ | (26,313 | ) | $ | (62,437 | ) | $ | (8,208 | ) | $ | (15,533 | ) | ||||||
add: Fixed charges | 54,858 | 60,019 | 61,212 | 60,009 | 59,763 | ||||||||||||||||
add: Distribution from equity method investees | 2,570 | — | — | — | — | ||||||||||||||||
less: Net income - noncontrolling interests | (1,219 | ) | (1,048 | ) | (694 | ) | (726 | ) | (510 | ) | |||||||||||
Total earnings (loss) | $ | (722 | ) | $ | 32,658 | $ | (1,919 | ) | $ | 51,075 | $ | 43,720 | |||||||||
Fixed charges | |||||||||||||||||||||
Interest expense | $ | 50,847 | $ | 58,355 | $ | 59,779 | $ | 58,425 | $ | 56,546 | |||||||||||
Amortization of debt costs | 4,011 | 1,664 | 1,433 | 1,584 | 3,217 | ||||||||||||||||
Total fixed charges | $ | 54,858 | $ | 60,019 | $ | 61,212 | $ | 60,009 | $ | 59,763 | |||||||||||
Ratio of earnings to fixed charges | — | x | 0.5 | x | — | x | 0.9 | x | 0.7 | x | |||||||||||
Coverage deficiency | $ | 55,580 | $ | 27,361 | $ | 63,131 | $ | 8,934 | $ | 16,043 | |||||||||||
The ratio of earnings to fixed charges is determined by dividing earnings by fixed charges. Earnings consists of loss from continuing operations before income taxes plus fixed charges and distributions from equity method investees, less net income attributable to noncontrolling interests. Fixed charges consists of interest expense and amortization of debt costs.