EXHIBIT 12.2 Ratio of EBITDA to combined fixed charges Years Ended December 31, 2000 ---------------------------------------- 2000 1999 1998 -------- -------- -------- EBITDA: Total Earnings $215,538 $ 38,927 $ 59,957 Add back: Interest expense 173,891 91,184 44,697 Depreciation and amortization 34,514 10,340 4,287 -------- -------- -------- Total EBITDA $423,943 $140,451 $108,941 COMBINED FIXED CHARGES: Interest expense $173,891 $ 91,184 $ 44,697 Capitalized interest 513 377 -- Preferred dividends 36,908 23,843 944 -------- -------- -------- Total combined fixed charges $211,312 $115,404 $ 45,641 EBITDA/COMBINED FIXED CHARGES 2.01 x 1.22 x 2.39 x