National CineMedia, LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 21, 2012

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EXCEL - IDEA: XBRL DOCUMENT - National CineMedia, LLCFinancial_Report.xls
EX-31.2 - RULE 13A-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - National CineMedia, LLCd282214dex312.htm
EX-31.1 - RULE 13A-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - National CineMedia, LLCd282214dex311.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - National CineMedia, LLCd282214dex322.htm
10-K - FORM 10-K - National CineMedia, LLCd282214d10k.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - National CineMedia, LLCd282214dex321.htm

Exhibit 12.1

NATIONAL CINEMEDIA, LLC

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratios)

 

     Year
Ended
Dec. 29,
2011		      Year
Ended
Dec. 30,
2010		      Year
Ended
Dec. 31,
2009		      Year
Ended
Jan. 1,
2009		      Post-IPO
Period
Feb. 13,
2007
Through
Dec. 27,
2007		      Pre-IPO
Period
Dec. 29,
2006
Through
Feb. 12,
2007		  

Earnings:

                  

Income (loss) before income taxes

    $ 134.8       $ 140.7       $ 130.1       $ 95.9       $ 113.7       $ (4.2 ) 

Fixed charges

      50.5         49.7         40.1         66.0         48.0         0.1   

Equity loss from investment, net

      —           0.7         0.8         —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Earnings

    $ 185.3       $ 191.1       $ 171.0       $ 161.9       $ 161.7       $ (4.1 ) 

Fixed Charges:

                  

Interest expense

    $ 48.2       $ 47.8       $ 38.2       $ 64.1       $ 46.3       $ 0.1   

Amortized premiums, discounts and capitalized expenses related to indebtedness

      2.3         1.9         1.9         1.9         1.7         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Fixed Charges

    $ 50.5       $ 49.7       $ 40.1       $ 66.0       $ 48.0       $ 0.1   

Ratio of earnings to fixed charges

      3.7x         3.8x         4.3x         2.5x         3.4x         *   

 

* During the period December 29, 2006 through February 12, 2007, earnings were deficient by $4.2 million regarding the coverage of fixed charges.

For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income before income taxes plus equity loss from investment, net and fixed charges, and fixed charges consist of interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness.

National CineMedia, LLC Reports