Exhibit 12.1

Envestnet, Inc.

Ratio of Earnings to Fixed Charges

(unaudited)

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

2016

 

2015

 

2014

 

2013

 

2012

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Income (loss) before income taxes

$
(40,490)

 

$
8,988

 

$
22,507

 

$
5,712

 

$
3,068

  Add: fixed charges

 
21,101

 

 
13,979

 

 
4,594

 

 
2,989

 

 
1,336

Income (loss) before income taxes and fixed charges

$
(19,389)

 

$
22,967

 

$
27,101

 

$
8,701

 

$
4,404

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Interest expensed and capitalized (1)

$
8,638

 

$
4,765

 

$
1,772

 

$
1,288

 

$

 -

  Amortized premiums, discounts and capitalized expenses related to indebtedness

 
8,112

 

 
6,394

 

 
326

 

 

 -

 

 

 -

  An estimate of the interest within rent expense (2)

 
4,351

 

 
2,820

 

 
2,496

 

 
1,701

 

 
1,336

Total fixed charges

$
21,101

 

$
13,979

 

$
4,594

 

$
2,989

 

$
1,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 
(0.92)

 

 
1.64

 

 
5.90

 

 
2.91

 

 
3.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Amounts presented for the years ended December 31, 2016, 2015, 2014 and 2013 represent coupon interest, interest and fees related to the credit facility (as amended) and accretion on contingent consideration.

(2)

Interest is estimated by management to equal one‑third of minimum rent payments under operating leases.

Because we had no shares of preferred stock outstanding during any of the periods presented, we do not separately present the ratio of earnings to combined fixed charges and preferred stock dividends.