- FI Dashboard
- Financials
- Filings
-
Holdings
- Transcripts
- ETFs
- Insider
- Institutional
- Shorts
-
S-3ASR Filing
Fiserv (FI) S-3ASRAutomatic shelf registration
Filed: 20 Sep 18, 7:06am
Exhibit 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings calculation: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 879 | $ | 1,358 | $ | 1,275 | $ | 1,057 | $ | 1,047 | $ | 898 | ||||||||||||
Interest on indebtedness | 90 | 176 | 163 | 170 | 164 | 164 | ||||||||||||||||||
Estimated interest component of rental expense | 20 | 42 | 39 | 38 | 36 | 35 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total adjusted earnings | $ | 989 | $ | 1,576 | $ | 1,477 | $ | 1,265 | $ | 1,247 | $ | 1,097 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on indebtedness | $ | 90 | $ | 176 | $ | 163 | $ | 170 | $ | 164 | $ | 164 | ||||||||||||
Estimated interest component of rental expense | 20 | 42 | 39 | 38 | 36 | 35 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | $ | 110 | $ | 218 | $ | 202 | $ | 208 | $ | 200 | $ | 199 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 9.0 | 7.2 | 7.3 | 6.1 | 6.2 | 5.5 |
Note: Interest component of rental expense estimated to be 1/3 of rental expense.