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)
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Nine Months |
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Years Ended December 31, |
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2014 |
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2013 |
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2012 |
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2011 |
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2010 |
|
2009 |
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Ratio of Earnings to Fixed Charges |
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Earnings: |
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|
|
|
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Income before income taxes |
|
$ |
16,098 |
|
$ |
5,712 |
|
$ |
3,068 |
|
$ |
10,580 |
|
$ |
907 |
|
$ |
944 |
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|
Add: Fixed charges |
|
2,960 |
|
2,989 |
|
1,336 |
|
1,763 |
|
1,387 |
|
822 |
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|
Income before income taxes and fixed charges |
|
$ |
19,058 |
|
$ |
8,701 |
|
$ |
4,404 |
|
$ |
12,343 |
|
$ |
2,294 |
|
$ |
1,766 |
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|
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|
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Fixed Charges: |
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Interest expensed and capitalized (1) |
|
$ |
1,109 |
|
$ |
1,288 |
|
$ |
— |
|
$ |
786 |
|
$ |
564 |
|
$ |
— |
|
|
Amortized premiums, discounts and capitalized expenses related to indebtedness |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
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An estimate of the interest within rental expense (2) |
|
1,851 |
|
1,701 |
|
1,336 |
|
977 |
|
823 |
|
822 |
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Total fixed charges |
|
$ |
2,960 |
|
$ |
2,989 |
|
$ |
1,336 |
|
$ |
1,763 |
|
$ |
1,387 |
|
$ |
822 |
|
|
|
|
|
|
|
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Ratio of earnings to fixed charges |
|
6.44 |
|
2.91 |
|
3.30 |
|
7.00 |
|
1.65 |
|
2.15 |
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(1) Amounts presented for nine months ended September 30, 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.