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 |
| Nine 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 |
| $ | 1,063 |
| $ | 976 |
| $ | 1,927 |
| $ | 1,854 |
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Interest expense, including amortization of debt issuance costs |
| 1,550 |
| 1,245 |
| 4,603 |
| 3,777 |
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Total fixed charges and preferred dividends |
| $ | 2,613 |
| $ | 2,221 |
| $ | 6,530 |
| $ | 5,631 |
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Earnings Computation : |
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Earnings before income taxes, equity in income (loss) of investees and minority interests |
| $ | 33,032 |
| $ | 12,672 |
| $ | 50,972 |
| $ | 29,786 |
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Less : |
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Preferred stock dividend |
| (1,063 | ) | (976 | ) | (1,927 | ) | (1,854 | ) | ||||
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Minority interests |
| (1,708 | ) | (473 | ) | (2,365 | ) | (659 | ) | ||||
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Add : |
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Fixed charges |
| 2,613 |
| 2,221 |
| 6,530 |
| 5,631 |
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Earnings as adjusted |
| $ | 32,874 |
| $ | 13,444 |
| $ | 53,210 |
| $ | 32,904 |
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Ratio of earnings to fixed charges |
| 21.2 | x | 10.8 | x | 11.6 | x | 8.7 | x | ||||
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Ratio of earnings to fixed charges and preferred dividends |
| 12.6 | x | 6.1 | x | 8.1 | x | 5.8 | x |
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