PENINSULA GAMING CORP. - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - March 30, 2010

Attached files

file filename
EX-31.1 - M. BRENT STEVENS CERTIFICATIONS - PENINSULA GAMING CORP.bstevenscert.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - PENINSULA GAMING CORP.subsidiaries.htm
EX-31.2 - NATALIE SCHRAMM CERTIFICATIONS - PENINSULA GAMING CORP.nschrammcert.htm
EX-10.22A - MORTGAGE, LEASEHOLD MORTGAGE, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENT - PENINSULA GAMING CORP.leaseholdmortgage.htm
EX-10.4C - FORM OF SPECIAL PROFITS INTERESTS AWARD AGREEMENT - PENINSULA GAMING CORP.formofspecialprofits.htm
EX-10.4B - FORM OF REGULAR PROFITS INTEREST AWARD AGREEMENT - PENINSULA GAMING CORP.formofregularprofits.htm
EX-10.21A - MULTIPLE OBLIGATIONS MORTGAGE - PENINSULA GAMING CORP.multipleobligationmtg.htm
EX-10.4A - PGP PROFIT INTEREST PLAN - PENINSULA GAMING CORP.pgpprofitinterestplan.htm
EX-10.22B - FIRST AMENDMENT TO IOWA SHORE MORTGAGE - PENINSULA GAMING CORP.firstamendiowamortgage.htm
EX-10.22D - THIRD AMENDMENT TO IOWA SHORE MORTGAGE - PENINSULA GAMING CORP.thirdamendiowamortgage.htm
EX-10.21B - LOUISIANA MORTGAGE AMENDMENT - PENINSULA GAMING CORP.louisianamortgageamend.htm
EX-10.22E - FOURTH AMENDMENT TO IOWA SHORE MORTGAGE - PENINSULA GAMING CORP.fourthamendiowamortgage.htm
10-K - PENINSULA GAMING, LLC 10-K - PENINSULA GAMING CORP.form10-k.htm
EX-10.21D - ACT OF THIRD AMENDMENT OF LOUISIANA MORTGAGE - PENINSULA GAMING CORP.thirdamendlouisianamortgage.htm
 
 Exhibit 12.1
 
 
 

 
 
PENINSULA GAMING, LLC
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
(In thousands of dollars)

   
Year Ended December 31,
  
   
2009
    
2008
    
2007
    
2006
    
2005
  
                               
Ratio of Earnings to Fixed Charges:
                              
Earnings
                              
   Net income (loss)
   $ (13,441 )   $ 22,756     $ (5,154 )   $ 6,328     $ (3,384 )
   Fixed charges excluding    unamortized capitalized interest
     75,224       42,149       42,931       35,235       31,117  
      Total earnings
   $ 61,783     $ 64,905     $ 37,777     $ 41,563     $ 27,733  
                                         
Fixed charges:
                                        
   Interest expense including capitalized interest
   $ 72,882     $ 42,940     $ 41,348     $ 33,822     $ 29,850  
Portion of rental charges deemed to be interest
     2,121       2,293       2,287       2,092       1,527  
      Total fixed charges
   $ 75,003     $ 45,233     $ 43,635     $ 35,914     $ 31,377  
Ratio of earnings to fixed charges
     -       1.4       -       1.2       -  
                                         
Deficiency
   $ 13,220       -     $ 5,858       -     $ 3,644  
                                         
                                         
                                         
                                         

 
 
 

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