EXHIBIT 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
Earnings calculation: | ||||||||||||||||||
Income from continuing operations before income taxes and income from investment in unconsolidated affiliate | $ | 398 | $ | 734 | $ | 640 | $ | 667 | $ | 605 | $ | 697 | ||||||
Interest on indebtedness | 96 | 220 | 260 | 76 | 41 | 28 | ||||||||||||
Estimated interest component of rental expense | 19 | 38 | 41 | 32 | 31 | 30 | ||||||||||||
Total adjusted earnings | $ | 513 | $ | 992 | $ | 941 | $ | 775 | $ | 677 | $ | 755 | ||||||
Fixed charges: | ||||||||||||||||||
Interest on indebtedness | $ | 96 | $ | 220 | $ | 260 | $ | 76 | $ | 41 | $ | 28 | ||||||
Estimated interest component of rental expense | 19 | 38 | 41 | 32 | 31 | 30 | ||||||||||||
Total fixed charges | $ | 115 | $ | 258 | $ | 301 | $ | 108 | $ | 72 | $ | 58 | ||||||
Ratio of earnings to fixed charges | 4.5 | 3.8 | 3.1 | 7.2 | 9.4 | 13.0 | ||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.