eBay 2012 Annual Report Download - page 151

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Exhibit 12.01
eBay Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)
Year Ended December 31,
2008 2009 2010 2011 2012
Income Before Income Taxes, Noncontrolling
Interest and Income/Loss of Equity Method
Investees
2,194
2,884
(1)
2,111
3,926
3,111
Add: Fixed Charges
(2)
34
47
45
80
122
Earnings
(4)
2,228
2,931
2,156
4,006
3,233
Fixed Charges
(2)
34
47
45
80
122
Ratio of Earnings to Fixed Charges
65.1
x
61.7
x
47.9
x
50.1
x
26.4
x
(1) 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.
(2) 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.
(3) Earnings consist of income before income taxes, noncontrolling interest and equity in income or losses of equity method investees plus
Fixed Charges.