EX-12 2 c06583exv12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EMMIS COMMUNICATIONS CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited, dollars in thousands)
                 
    Three Months Ended May 31,
    2005   2006
EARNINGS:
                
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
   $ 8,979     $ 891  
Add:
                
Fixed charges
     13,120       15,437  
Amortization of capitalized interest
     18       18  
Less:
                
Capitalized interest
     —       —  
Preferred stock dividends
     2,246       2,246  
     
Earnings
   $ 19,871     $ 14,100  
 
                
FIXED CHARGES:
                
Interest expense (including amortization of debt expenses)
   $ 10,245     $ 12,562  
Capitalized interest
     —       —  
Portion of rents representative of the interest factor
     629       629  
Preferred stock dividends
     2,246       2,246  
     
Fixed Charges
   $ 13,120     $ 15,437  
Ratio of Earnings to Fixed Charges
     1.5       N/A  
     
 
                
Deficiency
   $ —     $ 1,337