EX-12.1 2 pcln63017ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
 
The Priceline Group Inc.
Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)

 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2017
 
2016
 
2017
 
2016
Earnings Computation:
 
 
 
 
 
 
 
 
Earnings before income taxes
 
$
863,117

 
$
692,548

 
$
1,390,727

 
$
1,153,041

Fixed charges
 
70,527

 
59,227

 
135,240

 
114,527

Total earnings as adjusted
 
$
933,644

 
$
751,775

 
$
1,525,967

 
$
1,267,568

 
 
 
 
 
 
 
 
 
Fixed Charges Computation:
 
 
 
 
 
 
 
 
Interest Expense
 
$
60,942

 
$
50,290

 
$
116,659

 
$
97,184

Assumed interest element included in rent expense
 
9,585

 
8,937

 
18,581

 
17,343

Total fixed charges
 
$
70,527

 
$
59,227

 
$
135,240

 
$
114,527

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
13.2

 
12.7

 
11.3

 
11.1