CEDAR FAIR L P - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES

file	filename
10-K - ANNUAL REPORT ON FORM 10-K - CEDAR FAIR L P	cedarfair-10kx2017.htm
EX-32 - SECTION 906 CERTIFICATION - CEDAR FAIR L P	cedarfair-q4x2017xex32.htm
EX-31.2 - SECTION 302 CERTIFICATION - CEDAR FAIR L P	cedarfair-q4x2017xex312.htm
EX-31.1 - SECTION 302 CERTIFICATION - CEDAR FAIR L P	cedarfair-q4x2017xex311.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CEDAR FAIR L P	exhibit232017consent.htm
EX-21 - SUBSIDIARIES - CEDAR FAIR L P	exhibit212017subsidiaries.htm
EX-10.22 - EXHIBIT 10.22 - CEDAR FAIR L P	exhibit1022performanceawar.htm

Exhibit 12.1

CEDAR FAIR, L.P.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($'s in thousands)



	Years Ended December 31,
	2017			2016			2015			2014			2013
Fixed charges:
Interest expensed	$	85,603		$	83,863		$	86,849		$	96,286		$	103,071
Interest capitalized	2,524			2,331			3,094			2,983			1,610
Amortization of capitalized debt costs	3,896			4,030			4,039			4,602			6,130
Interest component of rental expense	4,958			4,279			4,841			4,220			3,142
Total fixed charges	$	96,981		$	94,503		$	98,823		$	108,091		$	113,953

Earnings:
Net income	$	215,476		$	177,688		$	112,222		$	104,215		$	108,204
Add:
Income tax expense	1,112			71,418			22,192			9,885			20,243
Fixed charges	96,981			94,503			98,823			108,091			113,953
Amortization of capitalized interest	1,230			1,134			1,021			897			830
Less:
Interest capitalized	(2,524		)	(2,331		)	(3,094		)	(2,983		)	(1,610		)
Total earnings	$	312,275		$	342,412		$	231,164		$	220,105		$	241,620

Ratio of total earnings to total fixed charges	3.2x			3.6x			2.3x			2.0x			2.1x
Excess of total earnings over total fixed charges	$	215,294		$	247,909		$	132,341		$	112,014		$	127,667

CEDAR FAIR L P - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 23, 2018