Exhibit 12.1
salesforce.com, inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
| Year ended January 31, | ||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||
| Fixed charges: | ||||||||||||||
| Interest expense on capital leases | 32,980 | 39,416 | 32,315 | 23,176 | 16,186 | |||||||||
| Interest on unresolved tax issues | (416 | ) | 217 | 1,330 | 1,253 | 647 | ||||||||
| Interest on debt payments | 22,890 | 19,027 | 11,546 | 8,861 | 9,611 | |||||||||
| Capitalized interest | 0 | 0 | 824 | 801 | 560 | |||||||||
| Amortization of amounts related to debt and transaction costs | 31,267 | 30,541 | 27,467 | 39,620 | 49,582 | |||||||||
| Operating leases rent expense for space | 147,922 | 115,844 | 93,007 | 109,377 | 94,820 | |||||||||
| Estimate of interest within operating leases for space | 44,377 | 34,753 | 27,902 | 32,813 | 28,446 | |||||||||
| Total rent expense | 285,200 | 226,000 | 174,600 | 162,800 | 123,600 | |||||||||
| Estimate of interest within operating leases for equipment | 6,864 | 5,508 | 4,080 | 2,671 | 1,439 | |||||||||
| Fixed charges | 137,962 | 129,462 | 105,464 | 109,195 | 106,471 | |||||||||
| Earnings: | ||||||||||||||
| Pre-tax income (loss) | 202,108 | 25,383 | 64,279 | (213,085 | ) | (357,935 | ) | |||||||
| Fixed charges | 137,962 | 129,462 | 105,464 | 109,195 | 106,471 | |||||||||
| Amortization of capitalized interest | 379 | 557 | 700 | 548 | 526 | |||||||||
| Equity method accounting losses | 2,965 | 0 | 0 | 0 | 476 | |||||||||
| Capitalized interest | 0 | 0 | (824 | ) | (801 | ) | (560 | ) | ||||||
| Earnings | 343,414 | 155,402 | 169,619 | (104,143 | ) | (251,022 | ) | |||||||
| Ratio of earnings to fixed charges | 2.5x | 1.2x | 1.6x | N/A | N/A | |||||||||
Earnings before fixed charges were inadequate to cover total fixed charges by approximately $104.1 million and $251.0 million for the fiscal years ended January 31, 2015 and 2014, respectively.