Exhibit 12.1
SOHU.COM INC.
RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, 2003 | Year Ended December 31, | |||||||||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | ||||||||||||||
Earnings: | ||||||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 12,117 | (1,036 | ) | (43,587 | ) | (19,236 | ) | (3,449 | ) | (615 | ) | |||||||
Fixed charges: | ||||||||||||||||||
Interest expense | — | — | — | — | 28 | 14 | ||||||||||||
One-third of rental expense | 152 | 260 | 233 | 214 | 68 | 52 | ||||||||||||
Total fixed charges | 152 | 260 | 233 | 214 | 96 | 66 | ||||||||||||
Ratio of Earnings to fixed charges | 79.72 | (a) | — | (a) | — | (a) | — | (a) | — | (a) | — | (a) | ||||||
(a) | Earnings during each of the five years ended December 31, 2002 were inadequate to cover fixed charges. The coverage deficiency was approximately $681,000, $3,545,000, $19,450,000, $43,820,000 and $1,296,000 for each of the five years ended December 31, 2002, respectively. |
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