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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| 2007 |
| 2006 |
| 2007 |
| 2006 |
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Fixed Charges Computation : |
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Preferred stock dividend |
| $ | — |
| $ | 1,063 |
| $ | 1,555 |
| $ | 1,927 |
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Interest expense, including amortization of debt issuance costs |
| 2,607 |
| 1,550 |
| 7,560 |
| 4,603 |
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Assumed interest element included in rent expense |
| 480 |
| 330 |
| 1,267 |
| 932 |
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Total fixed charges and preferred dividends |
| $ | 3,087 |
| $ | 2,943 |
| $ | 10,382 |
| $ | 7,462 |
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Earnings Computation : |
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Earnings before income taxes, equity in income (loss) of investees and minority interests |
| $ | 80,224 |
| $ | 33,032 |
| $ | 104,878 |
| $ | 50,972 |
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Less : |
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Preferred stock dividend |
| — |
| (1,063 | ) | (1,555 | ) | (1,927 | ) | ||||
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Minority interests |
| (3,167 | ) | (1,708 | ) | (5,053 | ) | (2,365 | ) | ||||
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Add : |
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Fixed charges |
| 3,087 |
| 2,943 |
| 10,382 |
| 7,462 |
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Earnings as adjusted |
| $ | 80,144 |
| $ | 33,204 |
| $ | 108,652 |
| $ | 54,142 |
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Ratio of earnings to fixed charges |
| 26.0 | x | 17.7 | x | 12.3 | x | 9.8 | x | ||||
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Ratio of earnings to fixed charges and preferred dividends |
| 26.0 | x | 11.3 | x | 10.5 | x | 7.3 | x |