EX-12.2 6 p66541ex12-2.txt EX-12.2 EXHIBIT 12.2 VIAD CORP - TOTAL ENTERPRISE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLARS IN THOUSANDS)
THREE MONTHS ENDED MARCH 31, YEAR ENDED DECEMBER 31, ------------------- ---------------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 -------- -------- -------- -------- -------- -------- -------- Earnings available for fixed charges and preferred stock dividends: Pretax income from continuing operations ................ $ 44,176 $ 34,054 $ 46,746 $167,037 $153,419 $123,450 $ 67,713 Minority interests ..................... 434 (274) 1,326 1,717 2,078 2,165 1,237 Fixed charges, excluding capitalized interest and preferred stock dividends ............................ 8,606 11,107 38,401 37,368 39,210 39,292 47,033 -------- -------- -------- -------- -------- -------- -------- $ 53,216 $ 44,887 $ 86,473 $206,122 $194,707 $164,907 $115,983 ======== ======== ======== ======== ======== ======== ======== Fixed charges and preferred stock dividends: Interest expense(1) .................... $ 5,081 $ 7,545 $ 25,936 $ 25,303 $ 26,888 $ 27,212 $ 34,296 Interest capitalized ................... 27 85 195 1,032 -- -- -- Estimated portion of rental expense representing interest ................ 3,525 3,562 12,465 12,065 12,322 12,080 12,737 Pretax earnings required to cover preferred stock dividends ...................... 389 398 1,488 1,345 1,417 1,472 1,350 -------- -------- -------- -------- -------- -------- -------- $ 9,022 $ 11,590 $ 40,084 $ 39,745 $ 40,627 $ 40,764 $ 48,383 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings (available for fixed charges and preferred stock dividends) to fixed charges and preferred stock dividends....................... 5.90 3.87 2.16 5.19 4.79 4.05 2.40 ======== ======== ======== ======== ======== ======== ========
(1) Amortization of debt discount is not separately listed as such amounts are included in interest expense.