Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Gold Merger Sub, LLC | Financial_Report.xls |
| EX-32 - EXHIBIT 32 - Gold Merger Sub, LLC | exhibit32033115.htm |
| EX-11 - EXHIBIT 11 - Gold Merger Sub, LLC | exhibit11033115.htm |
| EX-31.2 - EXHIBIT 31.2 - Gold Merger Sub, LLC | exhibit312033115.htm |
| EX-31.1 - EXHIBIT 31.1 - Gold Merger Sub, LLC | exhibit311033115.htm |
| 10-Q - 10-Q - Gold Merger Sub, LLC | pnk3311510q.htm |
Exhibit 12
Pinnacle Entertainment, Inc.
Computation of Ratio of Earnings to Fixed Charges
For the year ended December 31, | For the three months ended March 31, | ||||||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pre-tax income (loss) from continuing operations, before equity method investment earnings | $ | (52,368 | ) | $ | 31,775 | $ | 22,307 | $ | (96,254 | ) | $ | 49,592 | $ | 31,994 | |||||||||
Add: Fixed charges | 111,449 | 110,805 | 119,425 | 178,723 | 261,623 | 62,370 | |||||||||||||||||
Less: Capitalized interest | (4,041 | ) | (10,303 | ) | (20,310 | ) | (3,282 | ) | (2,854 | ) | — | ||||||||||||
Total earnings | $ | 55,040 | $ | 132,277 | $ | 121,422 | $ | 79,187 | $ | 308,361 | $ | 94,364 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense, net of capitalized interest and inclusive of amortization of debt issuance costs | $ | 103,093 | $ | 95,705 | $ | 94,484 | $ | 170,218 | $ | 253,048 | $ | 61,083 | |||||||||||
Capitalized interest | 4,041 | 10,303 | 20,310 | 3,282 | 2,854 | — | |||||||||||||||||
Estimated interest portion of rent expense | 4,315 | 4,797 | 4,631 | 5,223 | 5,721 | 1,287 | |||||||||||||||||
Total fixed charges | $ | 111,449 | $ | 110,805 | $ | 119,425 | $ | 178,723 | $ | 261,623 | $ | 62,370 | |||||||||||
Ratio of earnings to fixed charges | — | 1.2x | 1.0x | — | 1.2x | 1.5x | |||||||||||||||||