EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

SOHU.COM INC.

 

RATIO OF EARNINGS TO FIXED CHARGES

 

     Six Months
Ended
June 30,
2003
     Year Ended December 31,
  
     2002
     2001
     2000
     1999
     1998
  

Earnings:

                                     

Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

    12,117     (1,036 )   (43,587 )   (19,236 )   (3,449 )   (615 )

Fixed charges:

                                     

Interest expense

    —       —       —       —       28     14  

One-third of rental expense

    152     260     233     214     68     52  
    
 
 
 
 
 

Total fixed charges

    152     260     233     214     96     66  
    
 
 
 
 
 

Ratio of Earnings to fixed charges

    79.72  (a)   —    (a)   —   (a)   —   (a)   —    (a)   —    (a)
    
 
 
 
 
 
(a) Earnings during each of the five years ended December 31, 2002 were inadequate to cover fixed charges. The coverage deficiency was approximately $681,000, $3,545,000, $19,450,000, $43,820,000 and $1,296,000 for each of the five years ended December 31, 2002, respectively.

 

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