Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Booking Holdings Inc. | pcln-20161231_10kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Booking Holdings Inc. | pcln-20161231_10kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - Booking Holdings Inc. | pcln-20161231_10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Booking Holdings Inc. | pcln-20161231_10kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - Booking Holdings Inc. | pcln-20161231_10kex231.htm |
| EX-21 - EXHIBIT 21 - Booking Holdings Inc. | pcln-20161231_10kex21.htm |
| 10-K - 10-K - Booking Holdings Inc. | pcln-20161231_10k.htm |
Exhibit 12.1
The Priceline Group Inc.
Ratio of Earnings to Fixed Charges
(In thousands)
Year Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings Computation: | ||||||||||||||||||||
Earnings before income taxes(1) | $ | 2,713,238 | $ | 3,128,320 | $ | 2,989,448 | $ | 2,296,537 | $ | 1,761,869 | ||||||||||
Less: | ||||||||||||||||||||
Net income attributable to noncontrolling interests, before tax | — | — | — | (175 | ) | (5,922 | ) | |||||||||||||
Add: | ||||||||||||||||||||
Fixed charges | 241,069 | 189,033 | 112,399 | 100,798 | 75,964 | |||||||||||||||
Total earnings as adjusted | $ | 2,954,307 | $ | 3,317,353 | $ | 3,101,847 | $ | 2,397,160 | $ | 1,831,911 | ||||||||||
Fixed Charges Computation | ||||||||||||||||||||
Interest expense | $ | 207,900 | $ | 160,229 | $ | 88,353 | $ | 83,289 | $ | 62,064 | ||||||||||
Assumed interest element included in rent expense | 33,169 | 28,804 | 24,046 | 17,509 | 13,900 | |||||||||||||||
Total fixed charges | $ | 241,069 | $ | 189,033 | $ | 112,399 | $ | 100,798 | $ | 75,964 | ||||||||||
Ratio of earnings to fixed charges | 12.3 | 17.5 | 27.6 | 23.8 | 24.1 | |||||||||||||||
(1) Includes a non-cash charge related to an impairment of OpenTable goodwill of $940.7 million, which is not tax deductible, for the year ended December 31, 2016 (see Note 9 to the Consolidated Financial Statements).