EX-12.1 3 d332646dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

eBay Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratio data)

 

     Year Ended December 31,  
     2012      2013      2014      2015      2016  

Income from Continuing Operations Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees

    $ 2,344       $ 2,561       $ 2,539       $ 2,400       $ 3,672   

Add: Fixed Charges (1)

      86         123         148         170         253   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings (2)

    $ 2,430       $ 2,684       $ 2,687       $ 2,570       $ 3,925   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Fixed Charges (1)

    $ 86       $ 123       $ 148       $ 170       $ 253   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of Earnings to Fixed Charges

      28.3x         21.8x         18.2x         15.1x         15.5x   

 

(1) Fixed Charges consist of interest expense and our estimate of an appropriate portion of rentals representative of the interest factor. The estimate of interest within rental expense is estimated to be one-third of rental expense.
(2) Earnings consist of income from continuing operations before income taxes, noncontrolling interest and income/loss of equity method investees plus Fixed Charges.