Attached files
Exhibit 12
Pinnacle Entertainment, Inc.
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Earnings: |
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Pre-tax income (loss) |
$ | (17,350 | ) | $ | 102,909 | $ | (1,851 | ) | $ | (424,741 | ) | $ | (255,086 | ) | ||||||
Add fixed charges |
62,385 | 62,023 | 72,339 | 82,521 | 102,228 | |||||||||||||||
Less capitalized interest |
(7,130 | ) | (5,750 | ) | (42,851 | ) | (25,144 | ) | (13,758 | ) | ||||||||||
Total earnings |
$ | 37,905 | $ | 159,182 | $ | 27,637 | $ | (367,364 | ) | $ | (166,616 | ) | ||||||||
Fixed charges |
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Interest expense inclusive of the
amortization of debt issuance costs |
$ | 49,535 | $ | 53,678 | $ | 25,715 | $ | 53,049 | $ | 84,315 | ||||||||||
Capitalized interest |
7,130 | 5,750 | 42,851 | 25,144 | 13,758 | |||||||||||||||
Estimated interest portion of rent expense |
5,720 | 2,595 | 3,773 | 4,328 | 4,155 | |||||||||||||||
Total fixed charges |
$ | 62,385 | $ | 62,023 | $ | 72,339 | $ | 82,521 | $ | 102,228 | ||||||||||
Ratio of earnings to fixed charges |
0.61 x | 2.57 x | 0.38 x | $ | (4.45)x | $ | (1.63)x | |||||||||||||