EX-12.01 2 ebay123111_q410qex1201.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES eBay 123111_10-K Ex12.01


Exhibit 12.01
eBay Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)

 
Year Ended December 31,
 
2007
 
2008
 
2009
 
2010
 
2011
 
Income Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees
$
757,388

(1)
$
2,193,530

 
$
2,883,690

(2)
$
2,110,605

 
$
3,925,644

 
Add: Fixed Charges (3)
31,437

 
34,232

 
47,493

 
44,768

 
79,878

 
Earnings (4)
$
788,825

 
$
2,227,762

 
$
2,931,183

 
$
2,155,373

 
$
4,005,522

 
Fixed Charges (3)
$
31,437

 
$
34,232

 
$
47,493

 
$
44,768

 
$
79,878

 
Ratio of Earnings to Fixed Charges
25.1

x
65.1

x
61.7

x
48.1

x
50.1

x

(1)
For the year ended December 31, 2007, Income Before Income Taxes, Minority Interest and Income/Loss of Equity Method Investees includes an impairment loss of $1.4 billion related to our Communications reporting unit.
(2)
For the year ended December 31, 2009, Income Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees includes a gain of $1.4 billion related to the sale of our Communications reporting unit.
(3)
Fixed Charges consist of interest expense and our estimate of an appropriate portion of rentals representative of the interest factor. The estimate of interest within rental expense is estimated to be one-third of rental expense.
(4)
Earnings consist of income before income taxes, noncontrolling interest and equity in income or losses of equity method investees plus Fixed Charges.