EX-12.1 3 bkng33118ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
 
Booking Holdings Inc.
Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)

 
 
Three Months Ended
March 31,
 
 
2018
 
2017
Earnings Computation:
 
 
 
 
Earnings before income taxes
 
$
753,337

 
$
527,610

Fixed charges
 
83,331

 
64,713

Total earnings as adjusted
 
$
836,668

 
$
592,323

 
 
 
 
 
Fixed Charges Computation:
 
 
 
 
Interest expense
 
$
70,235

 
$
55,717

Assumed interest element included in rent expense
 
13,096

 
8,996

Total fixed charges
 
$
83,331

 
$
64,713

 
 
 
 
 
Ratio of earnings to fixed charges
 
10.0

 
9.2