Broadridge Financial Solutions (BR) 10-K 2011 FY Annual report

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

	Fiscal Years Ended June 30,
	2011			2010		2009		2008			2007
	($ in millions)
Earnings:
Add:
Earnings from continuing operations before income taxes	$	269.7		$	342.1	$	346.0	$	319.7		$	325.9
Fixed charges		25.7			24.1		26.8		44.0			24.5
Amortization of capitalized interest		—			—		—		—			—
Distributed income from equity investees		—			—		—		—			—
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges		—			—		—		—			—
Less:
Interest capitalized		—			—		—		—			—
Preference security dividend requirements of consolidated subsidiaries		—			—		—		—			—
The minority interest in the pre-tax income/(loss) of subsidiaries that have not incurred fixed charges(2)		(0.2	)		1.0		2.5		(0.2	)		(1.0	)
Total	$	295.6		$	365.2	$	370.3	$	363.9		$	351.4
Fixed charges:
Interest expense	$	9.9		$	9.8	$	14.3	$	31.3		$	12.4
Amortized premiums, discounts and capitalized expenses related to indebtedness		—			—		—		—			—
Estimate of the interest within rental expense(1)		15.8			14.3		12.5		12.7			12.1
Preference security dividend requirements of consolidated subsidiaries		—			—		—		—			—
Total	$	25.7		$	24.1	$	26.8	$	44.0		$	24.5
Ratio of Earnings to Fixed Charges		11.5			15.2		13.8		8.3			14.3

(1) One-third of rental expense under operating leases is assumed to be the equivalent of interest.

(2) Represents the Company’s share of gains/(losses) from its joint venture with the Tokyo Stock Exchange.