EX-12.1 3 verisigns-4xex121.htm EXHIBIT 12.1 VerisignS-4-Ex12.1


Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in thousands)
 
Three months ended
March 31,
 
Years ended December 31,
Fixed charges:
 
2015
 
2014
 
2013
 
2012
 
2011
 
2010
Interest expense including amortization of discounts and issuance costs
 
$
22,017

 
$
85,994

 
$
74,761

 
$
50,196

 
$
147,332

 
$
157,667

Interest capitalized
 
157

 
707

 
1,218

 
934

 
980

 
676

Rent expense (interest factor)
 
110

 
548

 
637

 
941

 
3,446

 
6,165

     Total fixed charges
 
$
22,284

 
$
87,249

 
$
76,616

 
$
52,071

 
$
151,758

 
$
164,508

Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
116,665

 
$
483,311

 
$
456,771

 
$
412,695

 
$
193,587

 
$
95,354

Fixed charges
 
22,284

 
87,249

 
76,616

 
52,071

 
151,758

 
164,508

Amortization of capitalized interest
 
229

 
1,044

 
927

 
917

 
1,060

 
1,778

Interest capitalized
 
(157
)
 
(707
)
 
(1,218
)
 
(934
)
 
(980
)
 
(676
)
     Total Earnings
 
$
139,021

 
$
570,897

 
$
533,096

 
$
464,749

 
$
345,425

 
$
260,964

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
6.2

 
6.5

 
7.0

 
8.9

 
2.3

 
1.6