Exhibit 12.1
eBay Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)
| Year Ended December 31, | ||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||
Income from Continuing Operations Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees | $ | 2,344 | $ | 2,561 | $ | 2,539 | $ | 2,400 | $ | 3,672 | ||||||||||
Add: Fixed Charges(1) | 86 | 123 | 148 | 170 | 253 | |||||||||||||||
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Earnings(2) | $ | 2,430 | $ | 2,684 | $ | 2,687 | $ | 2,570 | $ | 3,925 | ||||||||||
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Fixed Charges(1) | $ | 86 | $ | 123 | $ | 148 | $ | 170 | $ | 253 | ||||||||||
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Ratio of Earnings to Fixed Charges | 28.3x | 21.8x | 18.2x | 15.1x | 15.5x | |||||||||||||||
| (1) | Fixed Charges consist of interest expense and our estimate of an appropriate portion of rentals representative of the interest factor. The estimate of interest within rental expense is estimated to beone-third of rental expense. |
| (2) | Earnings consist of income from continuing operations before income taxes, noncontrolling interest and income/loss of equity method investees plus Fixed Charges. |
