EX-12.2 11 a2074619zex-12_2.htm EXHIBIT 12.2
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Exhibit 12.2

Hispanic Broadcasting Corporation and Subsidiaries

Statement Regarding Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends

(in thousands except ratio)

 
  Year Ended December 31,

 
  2001
  2000
  1999
  1998
  1997
Earnings:                              
  Income from continuing operations before income taxes   $ 50,911   $ 68,591   $ 57,989   $ 44,624   $ 31,389
  Fixed charges     3,239     2,481     3,054     3,292     4,863
   
 
 
 
 
  Earnings as adjusted (A)   $ 54,150   $ 71,072   $ 61,043   $ 47,916   $ 36,252
   
 
 
 
 
Fixed Charges:                              
  Interest expense   $ 403   $ 819   $ 1,607   $ 2,046   $ 3,947
  Interest portion of rental expense(1)     2,836     1,662     1,447     1,246     916
   
 
 
 
 
  Total fixed charges     3,239     2,481     3,054     3,292     4,863
  Preferred stock dividends(2)                    
   
 
 
 
 
  Total fixed charges and preferred stock dividends (B)   $ 3,239   $ 2,481   $ 3,054   $ 3,292   $ 4,863
   
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends (A) divided by (B)     16.7     28.6     20.0     14.6     7.5

(1)
Management of the Company believes approximately one-third of rent expense is representative of the interest component of rent expense.

(2)
Represents pretax earnings required to cover preferred stock dividends.



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Hispanic Broadcasting Corporation and Subsidiaries Statement Regarding Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (in thousands except ratio)