EX-12.01 2 vrsn-2013x10xkxex1201.htm EXHIBIT 12.01 VRSN-2013-10-K-Ex.12.01


Exhibit 12.01

Ratio of Earnings to Fixed Charges

(in thousands)
 
Years ended December 31,
Fixed charges:
 
2013
 
2012
 
2011
 
2010
 
2009
Interest expense including amortization of discounts and issuance costs
 
$
74,761

 
$
50,196

 
$
147,332

 
$
157,667

 
$
47,351

Interest capitalized
 
1,218

 
934

 
980

 
676

 
1,090

Rent expense (interest factor)
 
637

 
941

 
3,446

 
6,165

 
8,171

     Total fixed charges
 
$
76,616

 
$
52,071

 
$
151,758

 
$
164,508

 
$
56,612

Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
456,771

 
$
412,695

 
$
193,587

 
$
95,354

 
$
124,552

Fixed charges
 
76,616

 
52,071

 
151,758

 
164,508

 
56,612

Amortization of capitalized interest
 
927

 
917

 
1,060

 
1,778

 
1,559

Interest capitalized
 
(1,218
)
 
(934
)
 
(980
)
 
(676
)
 
(1,090
)
     Total Earnings
 
$
533,096

 
$
464,749

 
$
345,425

 
$
260,964

 
$
181,633

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
7.0

 
8.9

 
2.3

 
1.6

 
3.2