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EXCEL - IDEA: XBRL DOCUMENT - Booking Holdings Inc.Financial_Report.xls
EX-32.1 - EXHIBIT 32.1 - Booking Holdings Inc.pcln-20141231_10kex321.htm
EX-10.8 - EXHIBIT 10.8 - Booking Holdings Inc.pcln-20141231_10kex108.htm
EX-21 - EXHIBIT 21 - Booking Holdings Inc.pcln-20141231_10kex21.htm
EX-32.2 - EXHIBIT 32.2 - Booking Holdings Inc.pcln-20141231_10kex322.htm
EX-31.2 - EXHIBIT 31.2 - Booking Holdings Inc.pcln-20141231_10kex312.htm
EX-31.1 - EXHIBIT 31.1 - Booking Holdings Inc.pcln-20141231_10kex311.htm
EX-23.1 - EXHIBIT 23.1 - Booking Holdings Inc.pcln-20141231_10kex231.htm
10-K - 10-K - Booking Holdings Inc.pcln-20141231_10k.htm


Exhibit 12.1
 
The Priceline Group Inc.
Ratio of Earnings to Fixed Charges
(In thousands)

 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings Computation:
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
 
$
2,989,448

 
$
2,296,537

 
$
1,761,869

 
$
1,367,794

 
$
746,283

Less:
 
 
 
 
 
 
 
 
 
 
Net income attributable to noncontrolling interests, before tax
 

 
(175
)
 
(5,922
)
 
(3,756
)
 
(834
)
 
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
112,399

 
100,798

 
75,964

 
40,189

 
34,975

Total earnings as adjusted
 
$
3,101,847

 
$
2,397,160

 
$
1,831,911

 
$
1,404,227

 
$
780,424

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges Computation
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
88,353

 
$
83,289

 
$
62,064

 
$
31,721

 
$
29,944

Assumed interest element included in rent expense
 
24,046

 
17,509

 
13,900

 
8,468

 
5,031

Total fixed charges
 
$
112,399

 
$
100,798

 
$
75,964

 
$
40,189

 
$
34,975

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
27.6

 
23.8

 
24.1

 
34.9

 
22.3