EX-12.1 3 exhibit121.htm EXHIBIT 12.1 Exhibit
EXHIBIT 12.1

LENDINGTREE, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
(unaudited)

 
 
 
 
Nine Months Ended September 30,
 
Year Ended December 31,
 
 
 
 
2015
 
2014
2013
2012
2011
2010
Earnings:
 
 
 
 
 
 
 
 
 
Add -
 
 
 
 
 
 
 
 
 
 
Pre-tax income (loss) from continuing operations
 
$
20,203

 
$
(971
)
$
(1,126
)
$
(3,732
)
$
(61,477
)
$
(33,545
)
 
Fixed charges
 
426

 
372

406

1,773

1,904

1,718

 
Amortization of capitalized interest
 
—

 
—

—

—

—

—

Less -
 
 
 
 
 
 
 
 
 
 
Interest capitalized
 
—

 
—

—

—

—

—

 
 
Total adjusted earnings (loss)
 
$
20,629

 
$
(599
)
$
(720
)
$
(1,959
)
$
(59,573
)
$
(31,827
)
Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
133

 
$
2

$
33

$
912

$
372

$
473

Amortized premiums, discounts and capitalized expenses related to indebtedness
 
—

 
—

—

—

—

—

An estimate of the interest within rental expense
 
293

 
370

373

861

1,532

1,245

 
 
Total fixed charges
 
$
426

 
$
372

$
406

$
1,773

$
1,904

$
1,718

Ratio of earnings to fixed charges
 
48.4

 
*

*

*

*

*

Additional earnings required to have a one-to-one ratio of earnings to fixed charges
 
$
—

 
$
971

$
1,126

$
3,732

$
61,477

$
33,545


* Ratio of earnings to fixed charges was less than one-to-one for this period.