Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - National CineMedia, LLC | ncmllc-ex321_9.htm |
| EX-31.1 - EX-31.1 - National CineMedia, LLC | ncmllc-ex311_7.htm |
| EX-32.2 - EX-32.2 - National CineMedia, LLC | ncmllc-ex322_8.htm |
| EX-31.2 - EX-31.2 - National CineMedia, LLC | ncmllc-ex312_6.htm |
| 10-K - 10-K - National CineMedia, LLC | ncmllc-10k_20151231.htm |
Exhibit 12.1
NATIONAL CINEMEDIA, LLC
COMPUTATION OF Ratio of Earnings to Fixed Charges
(In millions, except ratios)
|
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|
Year Ended |
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|
Year Ended |
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|
Year Ended |
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|
Year Ended |
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Year Ended |
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|||||
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Dec. 31, 2015 |
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Jan. 1, 2015 |
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|
Dec. 26, 2013 |
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Dec. 27, 2012 |
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|
Dec. 29, 2011 |
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|||||
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Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
$ |
87.6 |
|
|
$ |
97.1 |
|
|
$ |
163.6 |
|
|
$ |
101.6 |
|
|
$ |
134.8 |
|
|
Fixed charges |
|
|
52.7 |
|
|
|
61.3 |
|
|
|
61.8 |
|
|
|
57.7 |
|
|
|
50.5 |
|
|
Total Earnings |
|
$ |
140.3 |
|
|
$ |
158.4 |
|
|
$ |
225.4 |
|
|
$ |
159.3 |
|
|
$ |
185.3 |
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
50.1 |
|
|
$ |
58.5 |
|
|
$ |
59.0 |
|
|
$ |
55.3 |
|
|
$ |
48.2 |
|
|
Amortized premiums, discounts and capitalized expenses related to indebtedness |
|
|
2.6 |
|
|
|
2.8 |
|
|
|
2.8 |
|
|
|
2.4 |
|
|
|
2.3 |
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Total Fixed Charges |
|
|
52.7 |
|
|
|
61.3 |
|
|
|
61.8 |
|
|
|
57.7 |
|
|
|
50.5 |
|
|
Ratio of earnings to fixed charges |
|
2.7x |
|
|
2.6x |
|
|
3.6x |
|
|
2.8x |
|
|
3.7x |
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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.