Exhibit 12.1
Envestnet, Inc.
Ratio of Earnings to Fixed Charges
and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Unaudited
(Dollars in thousands)
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| Nine Months |
| Years Ended December 31, |
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| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
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Ratio of Earnings to Fixed Charges |
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Earnings: |
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Income before income taxes |
| $ | 16,098 |
| $ | 5,712 |
| $ | 3,068 |
| $ | 10,580 |
| $ | 907 |
| $ | 944 |
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Add: Fixed charges |
| 2,960 |
| 2,989 |
| 1,336 |
| 1,763 |
| 1,387 |
| 822 |
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Income before income taxes and fixed charges |
| $ | 19,058 |
| $ | 8,701 |
| $ | 4,404 |
| $ | 12,343 |
| $ | 2,294 |
| $ | 1,766 |
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Fixed Charges: |
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Interest expensed and capitalized (1) |
| $ | 1,109 |
| $ | 1,288 |
| $ | — |
| $ | 786 |
| $ | 564 |
| $ | — |
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Amortized premiums, discounts and capitalized expenses related to indebtedness |
| — |
| — |
| — |
| — |
| — |
| — |
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An estimate of the interest within rental expense (2) |
| 1,851 |
| 1,701 |
| 1,336 |
| 977 |
| 823 |
| 822 |
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Total fixed charges |
| $ | 2,960 |
| $ | 2,989 |
| $ | 1,336 |
| $ | 1,763 |
| $ | 1,387 |
| $ | 822 |
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Ratio of earnings to fixed charges |
| 6.44 |
| 2.91 |
| 3.30 |
| 7.00 |
| 1.65 |
| 2.15 |
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(1) Amounts presented for nine months ended September 30, 2014 and year ended December 31, 2013 represent accretion on contingent consideration.
(2) Interest is estimated by management to equal one-third of minimum rental payments under operating leases.