EX-12.1 2 a06-21502_1ex12d1.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
September 30,

 

Nine Months Ended
September 30,

 

 

 

($000)

 

($000)

 

 

 

2006

 

2005

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

$

1,063

 

$

976

 

$

1,927

 

$

1,854

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

1,550

 

1,245

 

4,603

 

3,777

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges and preferred dividends

 

$

2,613

 

$

2,221

 

$

6,530

 

$

5,631

 

 

 

 

 

 

 

 

 

 

 

Earnings Computation :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

33,032

 

$

12,672

 

$

50,972

 

$

29,786

 

 

 

 

 

 

 

 

 

 

 

Less :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividend

 

(1,063

)

(976

)

(1,927

)

(1,854

)

 

 

 

 

 

 

 

 

 

 

Minority interests

 

(1,708

)

(473

)

(2,365

)

(659

)

 

 

 

 

 

 

 

 

 

 

Add :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

2,613

 

2,221

 

6,530

 

5,631

 

 

 

 

 

 

 

 

 

 

 

Earnings as adjusted

 

$

32,874

 

$

13,444

 

$

53,210

 

$

32,904

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

21.2

x

10.8

x

11.6

x

8.7

x

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges and preferred dividends

 

12.6

x

6.1

x

8.1

x

5.8

x

 

1