EXHIBIT 12.1
FACEBOOK, INC.
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
(Unaudited)
(in millions) | Six Months Ended June 30, 2014 | Year Ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense(1) | $ | 12 | $ | 56 | $ | 51 | $ | 42 | $ | 22 | $ | 10 | |||||||||||
Capitalized interest | — | 1 | — | 1 | 1 | — | |||||||||||||||||
Portion of rental expense which represents interest factor | 20 | 42 | 51 | 51 | 37 | 17 | |||||||||||||||||
Total fixed charges | $ | 32 | $ | 99 | $ | 102 | $ | 94 | $ | 60 | $ | 27 | |||||||||||
Earnings available for fixed charges: | |||||||||||||||||||||||
Income before provision for income taxes | $ | 2,460 | $ | 2,754 | $ | 494 | $ | 1,695 | $ | 1,008 | $ | 254 | |||||||||||
Add: Fixed charges | 32 | 99 | 102 | 94 | 60 | 27 | |||||||||||||||||
Less: Capitalized interest | — | (1 | ) | — | (1 | ) | (1 | ) | — | ||||||||||||||
Total earnings available for fixed charges | $ | 2,492 | $ | 2,852 | $ | 596 | $ | 1,788 | $ | 1,067 | $ | 281 | |||||||||||
Ratio of earnings to fixed charges | 77.88 | 28.81 | 5.84 | 19.02 | 17.78 | 10.41 |
(1) Includes interest on credit facilities and capital leases, and amortization of debt issuance costs. Excludes interest income and interest associated with uncertain tax positions, which is recorded within provision for income taxes.