EX-12.2 4 d93379a4exv12w2.txt RATIOS OF EARNINGS TO FIXED CHARGES - TCI EXHIBIT 12.2 TRANSCONTINENTAL REALTY INVESTORS, INC. CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS (AMOUNTS IN THOUSANDS EXCEPT RATIOS)
SIX MONTHS ENDED JUNE 30, 2002 YEAR ENDED DECEMBER 31, -------------- --------------------------- 2001 2000 Income (Loss) Before Income Taxes ....................... (3,279) 19,639 29,760 ------------ ------------- Fixed Charges ............................. 18,079 41,230 48,136 ------------ ------------- Income From Continuing Operations Before Income Taxes and Fixed Charges ..... 14,800 60,869 77,896 ------------ ------------- Fixed Charges: Interest Expense .......................... 17,989 41,058 48,114 ------------ ------------- Preferred Dividends ....................... 90 172 22 ------------ ------------ ------------ 18,079 41,230 48,136 Ratio of Earnings to Fixed Charges ........ -- 1.48 1.62 ------------ -------------
Note: For purposes of this calculation, earnings before fixed charges consist of earnings before income taxes plus fixed charges. Fixed charges consist of interest expense on all indebtedness (including amortization of deferred debt issuance costs).