EX-12 5 d628843dex12.htm EX-12 EX-12

Exhibit 12

Travelport Limited

Computation of Ratio to Earnings to Fixed Charges

 

     Year Ended December 31,  
(in $ millions)    2013     2012     2011     2010     2009  

Earnings available to cover fixed charges:

          

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

     (183 )      (146 )      (87 )      4        57   

Plus: Fixed charges

     355        300        296        284        296   

Plus: Amortization of capitalized interest

     4        3        2        1          

Less: Interest capitalized

     (6     (3     (3     (6     (3

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

     (5     2        2               (3
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to cover fixed charges

     165        156        210        283        347   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

          

Interest, including amortization of deferred finance costs but excluding gain (loss) on extinguishment of debt

     343        291        287        272        286   

Interest capitalized

     6        3        3        6        3   

Interest portion of rental payment

     6        6        6        6        7   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     355        300        296        284        296   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

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

For the years ended December 31, 2013, 2012, 2011 and 2010, the Company’s earnings were insufficient to cover fixed charges by $190 million, $144 million, $86 million and $1 million, respectively.