EX-12.1 5 d432231dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

		Year ended December 31,																				Nine months ended September 30,
		2007				2008				2009				2010				2011				2012
Earnings:
Income before income taxes			616,216				1,164,179				1,683,121				4,061,163				7,809,179				8,642,009
Add-back of loss from equity method investments			—				—				229				8,965				179,408				172,511
Add-back of fixed charges			9,722				12,062				22,208				43,442				104,239				96,625
			625,938				1,176,241				1,705,558				4,113,570				8,092,826				8,911,145
Fixed charges:
Interest expenses			311				895				12,155				35,975				82,552				74,845
Estimated interest portion of rental expenses			9,411				11,167				10,053				7,467				21,687				21,780
			9,722				12,062				22,208				43,442				104,239				96,625
Ratio of earnings to fixed charges			64.4				97.5				76.8				94.7				77.6				92.2