Exhibit 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Three Months Ended March 31, | Years Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Earnings calculation: | ||||||||||||||||||||||||
Income from continuing operations before income taxes and income from investment in unconsolidated affiliate | $ | 230 | $ | 898 | $ | 881 | $ | 723 | $ | 786 | $ | 724 | ||||||||||||
Interest on indebtedness | 41 | 164 | 174 | 188 | 198 | 220 | ||||||||||||||||||
Estimated interest component of rental expense | 9 | 35 | 37 | 38 | 37 | 38 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total adjusted earnings | $ | 280 | $ | 1,097 | $ | 1,092 | $ | 949 | $ | 1,021 | $ | 982 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on indebtedness | $ | 41 | $ | 164 | $ | 174 | $ | 188 | $ | 198 | $ | 220 | ||||||||||||
Estimated interest component of rental expense | 9 | 35 | 37 | 38 | 37 | 38 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | $ | 50 | $ | 199 | $ | 211 | $ | 226 | $ | 235 | $ | 258 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 5.6 | 5.5 | 5.2 | 4.2 | 4.3 | 3.8 | ||||||||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.