Exhibit 12.1
priceline.com Incorporated
CALCULATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio data)
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| For the Three Months |
| For the Six Months |
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|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
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Fixed Charges Computation: |
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Preferred stock dividend |
| $ | — |
| $ | — |
| $ | 1,555 |
| $ | 865 |
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Interest expense, including amortization of debt issuance costs |
| 2,484 |
| 1,554 |
| 4,954 |
| 3,053 |
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Assumed interest element included in rent expense |
| 415 |
| 310 |
| 787 |
| 602 |
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Total fixed charges and preferred dividends |
| 2,899 |
| 1,864 |
| 7,296 |
| 4,520 |
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Earnings Computation: |
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Earnings before income taxes, equity in income (loss) of investees and minority interests |
| 50,870 |
| 18,982 |
| 24,655 |
| 17,940 |
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Less: |
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Preferred stock dividend |
| — |
| — |
| (1,555 | ) | (865 | ) | ||||
Minority interests |
| (1,703 | ) | (952 | ) | (1,886 | ) | (664 | ) | ||||
Add: |
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Fixed charges |
| 2,899 |
| 1,864 |
| 7,296 |
| 4,520 |
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Earnings as adjusted |
| $ | 52,066 |
| $ | 19,894 |
| $ | 28,510 |
| $ | 20,931 |
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Ratio of earnings to fixed charges |
| 18.0 | x | 10.7 | x | 5.0 | x | 5.7 | x | ||||
Ratio of earnings to fixed charges and preferred dividends |
| 18.0 | x | 10.7 | x | 3.9 | x | 4.6 | x |