Exhibit 12.1
Expedia, Inc.
Computation of Consolidated Ratio of Earnings to Fixed Charges
| Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
| (in thousands, except ratios) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 87,120 | $ | 300,693 | $ | 350,057 | $ | 402,072 | $ | 425,839 | $ | 319,776 | ||||||||||||
Fixed charges | 56,097 | 108,388 | 105,215 | 142,375 | 113,273 | 99,759 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total earnings available for fixed charges | $ | 143,217 | $ | 409,081 | $ | 455,272 | $ | 544,447 | $ | 539,112 | $ | 419,535 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense(1) | $ | 44,125 | $ | 87,358 | $ | 87,788 | $ | 125,591 | $ | 101,291 | $ | 84,233 | ||||||||||||
Estimate of interest within rental expense(2) | 11,972 | 21,030 | 17,427 | 16,784 | 11,982 | 15,526 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | $ | 56,097 | $ | 108,388 | $ | 105,215 | $ | 142,375 | $ | 113,273 | $ | 99,759 | ||||||||||||
Ratio of earnings to fixed charges | 2.55x | 3.77x | 4.33x | 3.82x | 4.76x | 4.21x | ||||||||||||||||||
| (1) | Interest expense for the years ended December 2011, 2010 and 2009 includes amounts within discontinued operations. |
| (2) | Assumes the interest component of rental expense is approximately one-third of total rental expense for the year ended December 31, 2009 and one-fourth for all other periods presented based on an analysis of net present values. |
