EX-12.01 2 ebay123112_10-kex1201.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES eBay 123112_10-K Ex12.01


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

 
Year Ended December 31,
 
2008
 
2009
 
2010
 
2011
 
2012
 
Income Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees
2,194

 
2,884

(1)
2,111

 
3,926

 
3,111

 
Add: Fixed Charges (2)
34

 
47

 
45

 
80

 
122

 
Earnings (4)
2,228

 
2,931

 
2,156

 
4,006

 
3,233

 
Fixed Charges (2)
34

 
47

 
45

 
80

 
122

 
Ratio of Earnings to Fixed Charges
65.1

x
61.7

x
47.9

x
50.1

x
26.4

x

(1)
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.
(2)
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.
(3)
Earnings consist of income before income taxes, noncontrolling interest and equity in income or losses of equity method investees plus Fixed Charges.