EX-12 11 d266978dex12.htm STATEMENT RE: COMPUTATION OF RATION OF EARNINGS TO FIXED CHARGES Statement re: computation of Ration of Earnings to Fixed Charges

Exhibit 12

Travelport Limited

Computation of Ratio to Earnings to Fixed Charges

 

(in $ millions)    Year Ended December 31,  
             2011                 2010             2009             2008             2007  

Earnings available to cover fixed charges:

          

(Loss) income from continuing operations before income taxes and equity in losses of investment in Orbitz Worldwide

     (87     4        57        (36 )      (406

Plus: Fixed charges

     296        284        296        353        383   

Plus: Amortization of capitalized interest

     2        1                            —     

Less: Interest capitalized

     (3     (6     (3 )                —     

Less: Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges

     2        —          (3 )      (3 )      3   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to cover fixed charges

     210        283        347        314        (20
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

          

Interest, including amortization of deferred financing costs

     287        272        286        346        373   

Interest capitalized

     3        6        3        —          —     

Interest portion of rental payment

     6        6        7        7        10   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     296        284        296        353        383   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     n/a        n/a        1.17        n/a        n/a   

For the years ended December 31, 2011, 2010, 2008, 2007, the Company’s earnings were insufficient to cover fixed charges by $86 million, $1 million, $39 million and $403 million, respectively.