Exhibit 12.1

 

Envestnet, Inc.

Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

Unaudited

(Dollars in thousands)

 

 

 

Three Months
Ended March 31,

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

4,152

 

$

5,712

 

$

3,068

 

$

10,580

 

$

907

 

$

944

 

Add: Fixed charges

 

1,007

 

2,989

 

1,336

 

1,763

 

1,387

 

822

 

Income before income taxes and fixed charges

 

$

5,159

 

$

8,701

 

$

4,404

 

$

12,343

 

$

2,294

 

$

1,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (1)

 

$

412

 

$

1,288

 

$

—

 

$

786

 

$

564

 

$

—

 

Amortized premiums, discounts and capitalized expenses related to indebtedness

 

—

 

—

 

—

 

—

 

—

 

—

 

An estimate of the interest within rental expense (2)

 

595

 

1,701

 

1,336

 

977

 

823

 

822

 

Total fixed charges

 

$

1,007

 

$

2,989

 

$

1,336

 

$

1,763

 

$

1,387

 

$

822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.12

 

2.91

 

3.30

 

7.00

 

1.65

 

2.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

4,152

 

$

5,712

 

$

3,068

 

$

10,580

 

$

907

 

$

944

 

Add: Fixed charges

 

1,007

 

2,989

 

1,336

 

1,763

 

1,649

 

1,266

 

Subtract: Preferred stock dividends (3)

 

—

 

—

 

—

 

—

 

(262

)

(444

)

Income before income taxes and fixed charges

 

$

5,159

 

$

8,701

 

$

4,404

 

$

12,343

 

$

2,294

 

$

1,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (1)

 

$

412

 

$

1,288

 

$

—

 

$

786

 

$

564

 

$

—

 

Amortized premiums, discounts and capitalized expenses related to indebtedness

 

—

 

—

 

—

 

—

 

—

 

—

 

An estimate of the interest within rental expense (2)

 

595

 

1,701

 

1,336

 

977

 

823

 

822

 

Preferred stock dividends (3)

 

—

 

—

 

—

 

—

 

262

 

444

 

Total fixed charges and preferred stock dividends

 

$

1,007

 

$

2,989

 

$

1,336

 

$

1,763

 

$

1,649

 

$

1,266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

5.12

 

2.91

 

3.30

 

7.00

 

1.39

 

1.39

 

 

(1)  Amounts presented for three months ended March 31, 2014 and year ended December 31, 2013 represent accretion on contingent consideration.

(2)  Interest is estimated by management to equal one-third of minimum rental payments under operating leases.

(3)  Preferred stock dividends are taxed affected at a rate of 37.8% and 38.4% for 2010 and 2009, respectively.