Exhibit 12.2
LAZARD GROUP AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | For the Year Ended December 31, 2004 Pro Forma | ||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | |||||||||||||
($ in thousands) | |||||||||||||||||
Income before income taxes and minority interest | $ | 676,397 | $ | 358,962 | $ | 376,045 | $ | 389,354 | $ | 357,762 | |||||||
Add: Fixed charges | 900,978 | 546,381 | 78,456 | 68,534 | 74,128 | ||||||||||||
Income before income taxes, minority interest and fixed charges | $ | 1,577,375 | $ | 905,343 | $ | 454,501 | $ | 457,888 | $ | 431,890 | |||||||
Fixed Charges: | |||||||||||||||||
Interest | $ | 889,534 | $ | 533,208 | $ | 63,383 | $ | 50,161 | $ | 53,875 | |||||||
Other (a) | 11,444 | 13,173 | 15,073 | 18,373 | 20,253 | ||||||||||||
Total fixed charges | $ | 900,978 | $ | 546,381 | $ | 78,456 | $ | 68,534 | $ | 74,128 | |||||||
Ratio of earnings to fixed charges | 1.75 | 1.66 | 5.79 | 6.68 | 5.83 | ||||||||||||
(a) | Other fixed charges consists of the interest factor in rentals. |