Form: S-3

Registration statement for specified transactions by certain issuers

July 26, 2004

S-3: Registration statement for specified transactions by certain issuers

Published on July 26, 2004


QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12.2


STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

        The ratio of earnings to combined fixed charges and preferred stock dividends is set forth below. The ratio of earnings to combined fixed charges and preferred stock dividends was calculated in the same manner as the ratio of earnings to fixed charges (by adding net income (loss) from continuing operations to fixed charges and dividing that sum by such fixed charges), except that accrued preferred stock dividends were included for each of the periods shown irrespective of whether or not such dividends were actually paid.

 
  Year Ended December 31,
   
 
  For the Three
Months Ended
March 31, 2004

 
  1999
  2000
  2001
  2002
  2003
 
  Unaudited (in thousands except ratios)

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS                                    
Interest expense   $ 42,947   $ 42,400   $ 33,204   $ 27,381   $ 23,388   $ 24,253
Preferred dividends     9,631     16,928     19,994     20,115     20,115     4,687
Preferred stock conversion charge     —     —     —     —     —     38,743
   
 
 
 
 
 
  Total fixed charges and preferred dividends   $ 52,578   $ 59,328   $ 53,198   $ 47,496   $ 43,503   $ 67,683
   
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends     1.2x     *     *     *     1.1x     *
   
 
 
 
 
 

*
Our earnings were insufficient to cover combined fixed charges and preferred stock dividends by $60,178, $35,582, $23,859 and $53,375 in 2000, 2001, 2002 and the three months ended March 31, 2004, respectively.



QuickLinks

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS