EX-12.1 2 vrsn-2013930x10qxex121.htm EXHIBIT 12.1 VRSN-2013.9.30-10Q-Ex.12.1


Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in thousands)
 
Nine months ended
September 30,
 
Years ended December 31,
Fixed charges:
 
2013
 
2012
 
2011
 
2010
 
2009
 
2008
Interest expense including amortization of discounts and issuance costs
 
$
53,524

 
$
50,196

 
$
147,332

 
$
157,667

 
$
47,351

 
$
44,391

Interest capitalized
 
902

 
934

 
980

 
676

 
1,090

 
4,228

Rent expense (interest factor)
 
539

 
941

 
3,446

 
6,165

 
8,171

 
8,663

     Total fixed charges
 
$
54,965

 
$
52,071

 
$
151,758

 
$
164,508

 
$
56,612

 
$
57,282

Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
340,326

 
$
412,695

 
$
193,587

 
$
95,354

 
$
124,552

 
$
23,484

Fixed charges
 
54,965

 
52,071

 
151,758

 
164,508

 
56,612

 
57,282

Amortization of capitalized interest
 
675

 
917

 
1,060

 
1,778

 
1,559

 
1,033

Interest capitalized
 
(902
)
 
(934
)
 
(980
)
 
(676
)
 
(1,090
)
 
(4,228
)
     Total Earnings
 
$
395,064

 
$
464,749

 
$
345,425

 
$
260,964

 
$
181,633

 
$
77,571

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
7.2

 
8.9

 
2.3

 
1.6

 
3.2

 
1.4