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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/01/18 Vici Properties Inc. S-3ASR 10/01/18 7:690K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size
1: S-3ASR Automatic Shelf Registration Statement for HTML 432K
Securities of a Well-Known Seasoned
Issuer
2: EX-5.1 Opinion re: Legality HTML 26K
3: EX-8.1 Opinion re: Tax Matters HTML 22K
5: EX-23.1 Consent of Experts or Counsel HTML 5K
6: EX-23.2 Consent of Experts or Counsel HTML 5K
7: EX-23.3 Consent of Experts or Counsel HTML 5K
4: EX-12.1 Statement re: Computation of Ratios HTML 20K
| EX-12.1 |
Exhibit 12.1
VICI Properties Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
| Six Months Ended June 30, |
Year Ended December 31, | |||||||||||||||||||
| 2018 | 2017 (1) | 2016 (2) | 2015 (2) | 2014 (2) | ||||||||||||||||
| (dollar amounts in thousands) |
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| Income before income taxes |
$ | 256,295 | $ | 42,636 | $ | — | $ | — | $ | — | ||||||||||
| Add: Fixed charges (from below) |
104,314 | 63,354 | 7 | 18 | 39 | |||||||||||||||
| Subtract: Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
(4,297 | ) | (1,875 | ) | — | — | — | |||||||||||||
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| Earnings, as defined: |
356,312 | 104,115 | 7 | 18 | 39 | |||||||||||||||
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| Fixed charges: |
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| Interest expense, including the amortization of debt issuance costs |
104,314 | 63,354 | 7 | 18 | 39 | |||||||||||||||
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| Total fixed charges before preferred stock dividends: |
104,314 | 63,354 | 7 | 18 | 39 | |||||||||||||||
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| Preferred stock dividends |
— | — | — | — | — | |||||||||||||||
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| Total combined fixed charges and preferred stock dividends: |
$ | 104,314 | $ | 63,354 | $ | 7 | $ | 18 | $ | 39 | ||||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends: |
3.42 | 1.64 | 1.00 | 1.00 | 1.00 | |||||||||||||||
| (1) | VICI was spun-off from CEOC on October 6, 2017. The financial information for the year ended December 31, 2017 consists of income statement activity of Caesars Entertainment Outdoor (“CEO”), VICI’s predecessor entity, from January 1, 2017 through October 5, 2017 and the financial information of VICI from October 6, 2017 through December 31, 2017. VICI’s and CEO’s earnings were $104,115 and $0, respectively, for the year ended December 31, 2017. VICI’s and CEO’s fixed charges were $63,354 and $0, respectively, for the year ended December 31, 2017. Neither entity paid any preferred stock dividends during the year ended December 31, 2017. |
| (2) | The financial information for the years ended December 31, 2016, 2015 and 2014 sets forth the historical operations of CEO. |
| This ‘S-3ASR’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/18 | ||||
| Filed on / Effective on: | 10/1/18 | 424B3, 8-K | ||
| 12/31/17 | 10-K, 10-K/A | |||
| 10/6/17 | 3, 4, 8-K | |||
| 10/5/17 | ||||
| 1/1/17 | ||||
| 12/31/16 | ||||
| 12/31/15 | ||||
| 12/31/14 | ||||
| List all Filings | ||||