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)
| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 1,043 | $ | 10,580 | $ | 907 | $ | 944 | $ | 9,863 | $ | 9,788 | ||||||||||||
Add: Fixed charges | 979 | 1,763 | 1,387 | 822 | 652 | 559 | ||||||||||||||||||
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Income before income taxes and fixed charges | $ | 2,022 | $ | 12,343 | $ | 2,294 | $ | 1,766 | $ | 10,515 | $ | 10,347 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized | $ | — | $ | 786 | $ | 564 | $ | — | $ | — | $ | — | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | — | ||||||||||||||||||
An estimate of the interest within rental expense (1) | 979 | 977 | 823 | 822 | 652 | 559 | ||||||||||||||||||
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Total fixed charges | $ | 979 | $ | 1,763 | $ | 1,387 | $ | 822 | $ | 652 | $ | 559 | ||||||||||||
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Ratio of earnings to fixed charges | 2.07 | 7.00 | 1.65 | 2.15 | 16.13 | 18.51 | ||||||||||||||||||
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 1,043 | $ | 10,580 | $ | 907 | $ | 944 | $ | 9,863 | $ | 9,788 | ||||||||||||
Add: Fixed charges | 979 | 1,763 | 1,649 | 1,266 | 770 | 559 | ||||||||||||||||||
Subtract: Preferred stock dividends (2) | — | — | (262 | ) | (444 | ) | (118 | ) | — | |||||||||||||||
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Income before income taxes and fixed charges | $ | 2,022 | $ | 12,343 | $ | 2,294 | $ | 1,766 | $ | 10,515 | $ | 10,347 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized | $ | — | $ | 786 | $ | 564 | $ | — | $ | — | $ | — | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | — | ||||||||||||||||||
An estimate of the interest within rental expense (1) | 979 | 977 | 823 | 822 | 652 | 559 | ||||||||||||||||||
Preferred stock dividends (2) | — | — | 262 | 444 | 118 | — | ||||||||||||||||||
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Total fixed charges and preferred stock dividends | $ | 979 | $ | 1,763 | $ | 1,649 | $ | 1,266 | $ | 770 | $ | 559 | ||||||||||||
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Ratio of earnings to combined fixed charges and preferred stock dividends | 2.07 | 7.00 | 1.39 | 1.39 | 13.66 | 18.51 | ||||||||||||||||||
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| (1) | Interest is estimated by management to equal one-third of minimum rental payments under operating leases. |
| (2) | Preferred stock dividends are tax-effected at a rate of 37.8%, 38.4% and 42% for 2010, 2009 and 2008, respectively. |
