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Content analysis
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EXHIBIT 12.1
Digital River, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
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| Years ended December 31 |
| June 30, |
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| 2001 |
| 2002 |
| 2003 |
| 2004 |
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Net Income (Loss) from operations as reported |
| $ | (20,103 | ) | $ | (916 | ) | $ | 16,298 |
| $ | 34,762 |
| $ | 32,347 |
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Add: Fixed charges |
| 137 |
| 165 |
| 235 |
| 2,094 |
| 1,509 |
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Earnings as defined |
| (19,966 | ) | (751 | ) | 16,533 |
| 36,856 |
| 33,856 |
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Fixed charges |
| $ | 137 |
| $ | 165 |
| $ | 235 |
| $ | 2,094 |
| $ | 1,509 |
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Ratio of earnings to fixed charges (1) |
| — |
| — |
| 70.5 |
| 17.6 |
| 22.4 |
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(1) The ratio of earnings to fixed charges is computed by dividing income (loss) from operations plus fixed charges by fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and that portion of rental payments under operating leases that we believe to be representative of interest. Earnings were insufficient to cover fixed charges in 2001 through 2002 by amounts equal to the net loss for the period.
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