EX-12.1 2 exhibit121-computation.htm EX-12.1 Document

Exhibit 12.1
WORKIVA INC.

Computation of Ratio of Earnings to Fixed Charges
(in thousands)


Six months ended June 30,
Year ended December 31,
2018 2017 2016 2015 2014 2013 
Earnings
Loss before provision for income taxes
$(31,360)$(44,365)$(43,953)$(43,406)$(41,122)$(29,544)
Fixed charges1,836 3,414 3,176 3,257 3,106 1,211 
Total earnings as defined$(29,524)$(40,951)$(40,777)$(40,149)$(38,016)$(28,333)
Fixed charges
Interest expense (1)
$899 $1,845 $1,875 $2,025 $2,044 $366 
Estimated interest component of rental expense (2)
937 1,569 1,301 1,232 1,062 845 
Total fixed charges as defined
$1,836 $3,414 $3,176 $3,257 $3,106 $1,211 
Ratio of earnings to fixed charges— — — — — — 
Deficiency of earnings available to cover fixed charges$(31,360)$(44,365)$(43,953)$(43,406)$(41,122)$(29,544)


(1) Interest expense includes amortization expense for debt issuance costs.
(2) One-third of net rent expense is the portion deemed representative of the interest factor.