Attached files
file | filename |
---|---|
10-K - ANNUAL REPORT ON FORM 10-K - CEDAR FAIR L P | cedarfair-10kx2015.htm |
EX-21 - SUBSIDIARIES - CEDAR FAIR L P | exhibit212015.htm |
EX-32 - SECTION 906 CERTIFICATION - CEDAR FAIR L P | cedarfair-q4x2015xex32.htm |
EX-31.2 - SECTION 302 CERTIFICATION - CEDAR FAIR L P | cedarfair-q4x2015xex312.htm |
EX-10.21 - EXHIBIT 10.21 - CEDAR FAIR L P | exhibit10212016deferreduni.htm |
EX-10.18 - EXHIBIT 10.18 - CEDAR FAIR L P | exhibit1018amendment2tothe.htm |
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CEDAR FAIR L P | exhibit232015.htm |
EX-31.1 - SECTION 302 CERTIFICATION - CEDAR FAIR L P | cedarfair-q4x2015xex311.htm |
Exhibit 12.1
CEDAR FAIR, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($'s in thousands)
For the years ended December 31, | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||
Fixed charges: | ||||||||||||||||||||||
Interest expensed | $ | 86,849 | $ | 96,286 | $ | 103,071 | $ | 110,619 | $ | 157,185 | ||||||||||||
Interest capitalized | 3,094 | 2,983 | 1,610 | 1,322 | 1,835 | |||||||||||||||||
Amortization of capitalized debt costs | 4,039 | 4,602 | 6,130 | 10,417 | 10,000 | |||||||||||||||||
Interest component of rental expense | 4,841 | 4,220 | 3,142 | 2,970 | 2,419 | |||||||||||||||||
Total fixed charges | $ | 98,823 | $ | 108,091 | $ | 113,953 | $ | 125,328 | $ | 171,439 | ||||||||||||
Earnings: | ||||||||||||||||||||||
Net income (loss) | $ | 112,222 | $ | 104,215 | $ | 108,204 | $ | 101,857 | $ | 65,296 | ||||||||||||
Add: | ||||||||||||||||||||||
Income tax expense | 22,192 | 9,885 | 20,243 | 31,757 | 7,877 | |||||||||||||||||
Fixed charges | 98,823 | 108,091 | 113,953 | 125,328 | 171,439 | |||||||||||||||||
Amortization of capitalized interest | 1,021 | 897 | 830 | 761 | 659 | |||||||||||||||||
Less: | ||||||||||||||||||||||
Interest capitalized | (3,094 | ) | (2,983 | ) | (1,610 | ) | (1,322 | ) | (1,835 | ) | ||||||||||||
Total earnings | $ | 231,164 | $ | 220,105 | $ | 241,620 | $ | 258,381 | $ | 243,436 | ||||||||||||
Ratio of total earnings to total fixed charges | 2.3x | 2.0x | 2.1x | 2.1x | 1.4x | |||||||||||||||||
Excess | 132,341 | 112,014 | 127,667 | 133,053 | 71,997 |
79