EX-12.1 2 a07-17241_3ex12d1.htm EX-12.1

Exhibit 12.1

priceline.com Incorporated

CALCULATION OF RATIO

OF EARNINGS TO FIXED CHARGES

(in thousands, except ratio data)

 

 

 

For the Three Months
Ended June 30,

 

For the Six Months
Ended June 30,

 

 

 

2007

 

2006

 

2007

 

2006

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges Computation:

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

$

 

$

 

$

1,555

 

$

865

 

Interest expense, including amortization of debt issuance costs

 

2,484

 

1,554

 

4,954

 

3,053

 

Assumed interest element included in rent expense

 

415

 

310

 

787

 

602

 

Total fixed charges and preferred dividends

 

2,899

 

1,864

 

7,296

 

4,520

 

 

 

 

 

 

 

 

 

 

 

Earnings Computation:

 

 

 

 

 

 

 

 

 

Earnings before income taxes, equity in income (loss) of investees and minority interests

 

50,870

 

18,982

 

24,655

 

17,940

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

 

 

(1,555

)

(865

)

Minority interests

 

(1,703

)

(952

)

(1,886

)

(664

)

Add:

 

 

 

 

 

 

 

 

 

Fixed charges

 

2,899

 

1,864

 

7,296

 

4,520

 

Earnings as adjusted

 

$

52,066

 

$

19,894

 

$

28,510

 

$

20,931

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

18.0

x

10.7

x

5.0

x

5.7

x

Ratio of earnings to fixed charges and preferred dividends

 

18.0

x

10.7

x

3.9

x

4.6

x