EX-12.1 2 exhibit121-52516.htm EXHIBIT 12.1 Exhibit
EXHIBIT 12.1

LENDINGTREE, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
(unaudited)

 
 
 
 
Year Ended December 31,
 
 
 
 
2015
2014
2013
2012
2011
Earnings:
 
 
 
 
 
 
 
Add -
 
 
 
 
 
 
 
 
Pre-tax income (loss) from continuing operations
 
$
28,343

$
(971
)
$
(1,126
)
$
(3,732
)
$
(61,477
)
 
Fixed charges
 
644

372

406

1,773

1,904

 
Amortization of capitalized interest
 
—

—

—

—

—

Less -
 
 
 
 
 
 
 
 
Interest capitalized
 
—

—

—

—

—

 
 
Total adjusted earnings (loss)
 
$
28,987

$
(599
)
$
(720
)
$
(1,959
)
$
(59,573
)
Fixed charges:
 
 
 
 
 
 
Interest expense
 
$
197

$
2

$
33

$
912

$
372

Amortized premiums, discounts and capitalized expenses related to indebtedness
 
47

—

—

—

—

An estimate of the interest within rental expense
 
400

370

373

861

1,532

 
 
Total fixed charges
 
$
644

$
372

$
406

$
1,773

$
1,904

Ratio of earnings to fixed charges
 
45.0

*

*

*

*

Additional earnings required to have a one-to-one ratio of earnings to fixed charges
 
$
—

$
971

$
1,126

$
3,732

$
61,477


* Ratio of earnings to fixed charges was less than one-to-one for this period.