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EXHIBIT 12.2
OUTDOOR SYSTEMS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS EXCEPT RATIO DATA)
NINE MONTHS ENDED
YEAR ENDED DECEMBER 31, SEPTEMBER 30,
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1993 1994 1995 1996 1997 1997 1998
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Earnings (loss) before taxes
and extraordinary loss $ 338 $ 3,054 $ 3,086 $ 24,536 $ 40,696 $ 26,100 $ 50,595
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Fixed charges:
Interest 11,894 16,393 17,199 32,489 87,150 55,190 101,349
Rent 3,252 3,323 4,511 9,930 30,065 22,549 36,025
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Total fixed charges 15,146 19,716 21,710 42,419 117,215 77,739 137,374
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Adjusted earnings $ 15,484 $ 22,770 $ 24,796 $ 66,955 $157,911 $103,839 $187,969
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Ratio of earnings to fixed
charges 1.02x 1.15x 1.14x 1.58x 1.35x 1.34x 1.37x
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