Exhibit 12.1
salesforce.com, inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
Nine months ended October 31, | Year ended January 31, | |||||||||||||||||||
2017 | 2016 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense on capital leases | 25,058 | 30,400 | 39,416 | 32,315 | 23,176 | 16,186 | 2,575 | |||||||||||||
Interest on unresolved tax issues | (322 | ) | (228 | ) | 217 | 1,330 | 1,253 | 647 | 341 | |||||||||||
Interest on debt payments | 17,048 | 11,401 | 19,027 | 11,546 | 8,861 | 9,611 | 3,280 | |||||||||||||
Capitalized interest | 0 | 0 | 0 | 824 | 801 | 560 | 2,400 | |||||||||||||
Amortization of amounts related to debt and transaction costs | 23,265 | 21,334 | 30,541 | 27,467 | 39,620 | 49,582 | 24,086 | |||||||||||||
Operating leases rent expense for space | 109,252 | 83,457 | 115,844 | 93,007 | 109,377 | 94,820 | 66,774 | |||||||||||||
Estimate of interest within operating leases for space | 32,775 | 25,037 | 34,753 | 27,902 | 32,813 | 28,446 | 20,032 | |||||||||||||
Total rent expense | 213,787 | 163,475 | 226,000 | 174,600 | 162,800 | 123,600 | 88,300 | |||||||||||||
Estimate of interest within operating leases for equipment | 5,227 | 4,001 | 5,508 | 4,080 | 2,671 | 1,439 | 1,076 | |||||||||||||
Fixed charges | 103,051 | 91,945 | 129,462 | 105,464 | 109,195 | 106,471 | 53,790 | |||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income (loss) | 113,891 | 48,852 | 25,383 | 64,279 | (213,085 | ) | (357,935 | ) | (127,794 | ) | ||||||||||
Fixed charges | 103,050 | 91,945 | 129,463 | 105,464 | 109,195 | 106,471 | 53,790 | |||||||||||||
Amortization of capitalized interest | 306 | 433 | 557 | 700 | 548 | 526 | 343 | |||||||||||||
Equity method accounting losses | 2,965 | 0 | 0 | 0 | 0 | 476 | 890 | |||||||||||||
Capitalized interest | 0 | 0 | 0 | (824 | ) | (801 | ) | (560 | ) | (2,400 | ) | |||||||||
Earnings | 220,212 | 141,230 | 155,403 | 169,619 | (104,143 | ) | (251,022 | ) | (75,171 | ) | ||||||||||
Ratio of earnings to fixed charges | 2.1x | 1.5x | 1.2x | 1.6x | N/A | N/A | N/A |