eBay 2011 Annual Report Download - page 147

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Exhibit 12.01
eBay Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)
Year Ended December 31,
2007 2008 2009 2010 2011
Income Before Income Taxes, Noncontrolling
Interest and Income/Loss of Equity Method
Investees
$
757,388
(1)
$
2,193,530
$
2,883,690
(2)
$
2,110,605
$
3,925,644
Add: Fixed Charges (3)
31,437
34,232
47,493
44,768
79,878
Earnings (4)
$
788,825
$
2,227,762
$
2,931,183
$
2,155,373
$
4,005,522
Fixed Charges (3)
$
31,437
$
34,232
$
47,493
$
44,768
$
79,878
Ratio of Earnings to Fixed Charges
25.1
x
65.1
x
61.7
x
48.1
x
50.1
x
(1) For the year ended December 31, 2007, Income Before Income Taxes, Minority Interest and Income/Loss of Equity Method Investees
includes an impairment loss of $1.4 billion related to our Communications reporting unit.
(2)
For the year ended December 31, 2009, Income Before Income Taxes, Noncontrolling Interest and Income/Loss of Equity Method Investees
includes a gain of $1.4 billion related to the sale of our Communications reporting unit.
(3) Fixed Charges consist of interest expense and our estimate of an appropriate portion of rentals representative of the interest factor. The
estimate of interest within rental expense is estimated to be one-third of rental expense.
(4) Earnings consist of income before income taxes, noncontrolling interest and equity in income or losses of equity method investees plus
Fixed Charges.