EX-12 8 exhibit121computationofrat.htm EXHIBIT 12-1 Exhibit
EXHIBIT 12.1

YELP INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
 
Net income (loss) before income taxes
184,349

 
(3,285
)
 
(20,938
)
 
11,280

 
(9,230
)
Plus: Fixed Charges
773

 
669

 
562

 
265

 
158

Earnings, as defined
185,122


(2,616
)

(20,376
)

11,545


(9,072
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest component of rentals(1)
773

 
669

 
562

 
265

 
158

Total
773

 
669

 
562

 
265

 
158

Ratio of earnings to fixed charges
239.5x

 
N/A

 
N/A

 
43.6x

 
N/A

Deficiency in earnings to cover fixed charges
N/A

 
(3,285
)
 
(20,938
)
 
N/A

 
(9,230
)
______________
(1)
Represents the estimated portion of operating lease rental expense that is considered by us to be a reasonable representation of interest.