Exhibit 12.1
EXPEDIA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine months ended | ||||||||||||||||||||||||||||
September 30, | Year ended December 31, | |||||||||||||||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income before minority interest and income taxes | $ | 281,940 | $ | 347,285 | $ | 413,871 | $ | 269,543 | $ | 255,498 | $ | 209,416 | $ | 24,124 | ||||||||||||||
Fixed charges | 13,627 | 6,657 | 10,772 | 7,867 | 5,074 | 3,667 | 567 | |||||||||||||||||||||
Total earnings | $ | 295,567 | $ | 353,942 | $ | 424,643 | $ | 277,410 | $ | 260,572 | $ | 213,083 | $ | 24,691 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Estimate of interest within rental expense (1) | $ | 7,276 | $ | 6,453 | $ | 8,667 | $ | 7,867 | $ | 4,867 | $ | 3,667 | $ | 567 | ||||||||||||||
Interest expense | 5,779 | 204 | 1,819 | — | 207 | — | — | |||||||||||||||||||||
Amortization of capitalized expenses | 572 | — | 286 | — | — | — | — | |||||||||||||||||||||
Total fixed charges | $ | 13,627 | $ | 6,657 | $ | 10,772 | $ | 7,867 | $ | 5,074 | $ | 3,667 | $ | 567 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 21.69 | x | 53.17 | x | 39.42 | x | 35.26 | x | 51.35 | x | 58.11 | x | 43.55 | x |
(1) | Interest expense was estimated by using one-third of total rental payments. |