EXHIBIT 12.2 CBRE HOLDING, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands)
Period Pro Forma from Combined February 20, Pro Forma for the 2001 Combined Six Months (inception) Year Ended Ended to June 30, December 31, June 30, 2001 2000 2001 ----------- ------------ --------- Income (loss) before provision (benefit) for income tax..................................... $ (1,195) $ 33,140 $(26,285) Less: Equity earnings of unconsolidated subsidiaries............................... -- 7,112 2,785 Add: Distributed earnings of unconsolidated subsidiaries............................... -- 8,389 2,802 Fixed charges................................ 1,775 89,142 43,411 -------- -------- -------- Total earnings before fixed charges.............. $ 580 $123,559 $ 17,143 ======== ======== ======== Fixed Charges: Portion of rent expense representative of the interest factor (1).......................... $ -- $ 18,748 $ 10,369 Interest expense............................... 1,775 70,394 33,042 -------- -------- -------- Total fixed charges.............................. $ 1,775 $ 89,142 $ 43,411 ======== ======== ======== Ratio of earnings to fixed charges............... 0.33(2) 1.39 0.39(2) ======== ======== ========
-------- (1) Represents one-third of operating lease costs which approximates the portion that relates to the interest portion. (2) Includes a deficiency of $1.2 million for the period from February 20, 2001 (inception) to June 30, 2001 and a deficiency of $26.3 million for the pro forma six months ended June 30, 2001.