Exhibit 12
Fiserv, Inc.
Computation of ratio of earnings to fixed charges
(Dollars in thousands)
| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||
Earnings calculation: | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 541,731 | $ | 678,565 | $ | 786,168 | $ | 615,198 | $ | 482,685 | $ | 398,658 | ||||||
Interest on indebtedness | 33,619 | 40,995 | 27,828 | 24,902 | 22,895 | 17,758 | ||||||||||||
Estimated interest component of rental expense | 33,591 | 36,977 | 35,926 | 36,260 | 34,468 | 28,711 | ||||||||||||
Total adjusted earnings | $ | 608,941 | $ | 756,537 | $ | 849,922 | $ | 676,360 | $ | 540,048 | $ | 445,127 | ||||||
Fixed charges: | ||||||||||||||||||
Interest on indebtedness | $ | 33,619 | $ | 40,995 | $ | 27,828 | $ | 24,902 | $ | 22,895 | $ | 17,758 | ||||||
Estimated interest component of rental expense | 33,591 | 36,977 | 35,926 | 36,260 | 34,468 | 28,711 | ||||||||||||
Total fixed charges | $ | 67,210 | $ | 77,972 | $ | 63,754 | $ | 61,162 | $ | 57,363 | $ | 46,469 | ||||||
Ratio of earnings to fixed charges | 9.06 | 9.70 | 13.33 | 11.06 | 9.41 | 9.58 | ||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.