EX-12.1 2 a06-15147_2ex12d1.htm EX-12

Exhibit 12.1

priceline.com Incorporated
CALCULATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio data)

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

($000)

 

($000)

 

 

 

 

 

 

 

 

 

2006

 

2005

 

2006

 

2005

 

Fixed Charges Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

$

—

 

$

—

 

$

865

 

$

878

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

1,554

 

1,239

 

3,053

 

2,531

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges and preferred dividends

 

$

1,554

 

$

1,239

 

$

3,918

 

$

3,409

 

 

 

 

 

 

 

 

 

 

 

Earnings Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes, equity in income (loss) of
investees and minority interests

 

$

18,982

 

$

12,400

 

$

17,940

 

$

17,113

 

 

 

 

 

 

 

 

 

 

 

Less :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

—

 

—

 

(865

)

(878

)

 

 

 

 

 

 

 

 

 

 

Minority interests

 

(952

)

(130

)

(664

)

(179

)

 

 

 

 

 

 

 

 

 

 

Add :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,554

 

1,239

 

3,918

 

3,409

 

 

 

 

 

 

 

 

 

 

 

Earnings as adjusted

 

$

19,584

 

$

13,509

 

$

20,329

 

$

19,465

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

12.6

x

10.9

x

6.7

x

7.7

x

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges and preferred dividends

 

12.6

x

10.9

x

5.2

x

5.7

x