Exhibit 12.1
priceline.com Incorporated
CALCULATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio data)
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| Three Months Ended |
| Six Months Ended |
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| ($000) |
| ($000) |
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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Fixed Charges Computation : |
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Preferred stock dividend |
| $ | — |
| $ | — |
| $ | 865 |
| $ | 878 |
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Interest expense, including amortization of debt issuance costs |
| 1,554 |
| 1,239 |
| 3,053 |
| 2,531 |
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Total fixed charges and preferred dividends |
| $ | 1,554 |
| $ | 1,239 |
| $ | 3,918 |
| $ | 3,409 |
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Earnings Computation : |
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Earnings before income taxes, equity in income (loss) of |
| $ | 18,982 |
| $ | 12,400 |
| $ | 17,940 |
| $ | 17,113 |
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Less : |
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Preferred stock dividend |
| — |
| — |
| (865 | ) | (878 | ) | ||||
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Minority interests |
| (952 | ) | (130 | ) | (664 | ) | (179 | ) | ||||
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Add : |
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Fixed charges |
| 1,554 |
| 1,239 |
| 3,918 |
| 3,409 |
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Earnings as adjusted |
| $ | 19,584 |
| $ | 13,509 |
| $ | 20,329 |
| $ | 19,465 |
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Ratio of earnings to fixed charges |
| 12.6 | x | 10.9 | x | 6.7 | x | 7.7 | x | ||||
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Ratio of earnings to fixed charges and preferred dividends |
| 12.6 | x | 10.9 | x | 5.2 | x | 5.7 | x |