EX-12.2 5 b47391ltexv12w2.txt EX-12.2 COMPUTATION OF RATIO OF EARNINGS TO CHARGE EXHIBIT 12.2 LIN TELEVISION CORPORATION STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands)
LIN TELEVISION CORPORATION ------------------------------------------------------------ SIX MONTHS ENDED JUNE 30 YEAR ENDED DECEMBER 31 -------------------- ----------------------------------- 2003 2002 2002 2001 2000 -------- -------- -------- -------- -------- Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle and distributed income of equity investees $(12,831) $ 6,798 $ 48,476 $(48,599) $ (7,686) ======== ======== ======== ======== ======== Fixed charges: Interest expense, including amortization of deferred financing costs and discounts 28,664 27,741 54,503 64,124 67,126 Portion of rental expense representing a reasonable approximation of the interest factor on operating leases 248 257 461 445 396 -------- -------- -------- -------- -------- Total fixed charges $ 28,912 $ 27,998 $ 54,964 $ 64,569 $ 67,522 ======== ======== ======== ======== ======== Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle, distributed income of equity investees and fixed charges $ 16,081 $ 34,796 $103,440 $ 15,970 $ 59,836 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges (1) 1.2x 1.9x (1) (1) ======== ======== ======== ======== ========
LIN TELEVISION CORPORATION PREDECESSOR --------------------------------- ----------------- PERIOD FROM MARCH 3 - PERIOD FROM DECEMBER 31, JANUARY 1 - 1999 1998 MARCH 2, 1998 ------------ ----------------- ----------------- Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle and distributed income of equity investees $(13,691) $(12,912) $ 966 ======== ======== ====== Fixed charges: Interest expense, including amortization of deferred financing costs and discounts 45,315 35,577 2,764 Portion of rental expense representing a reasonable approximation of the interest factor on operating leases 329 367 33 -------- -------- ------ Total fixed charges $ 45,644 $ 35,944 $2,797 ======== ======== ====== Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle, distributed income of equity investees and fixed charges $ 31,953 $ 23,032 $3,763 ======== ======== ====== Ratio of earnings to fixed charges (1) (1) 1.3x ======== ======== ======
(1) LIN Television earnings were insufficient to cover fixed charges by $12.8 million for the six month period ended June 30, 2003, $48.6 million, $7.7 million and $13.7 million for the fiscal years ended December 31, 2001, 2000 and 1999, respectively, and $12.9 million for the period from March 3, 1998 to December 31, 1998.