EX-12.1 3 c24304exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

EXHIBIT 12.1
 
Digital River, Inc.
 
Computation of Ratio of Earnings to Fixed Charges
 
                                                 
    Years Ended December 31,        
    2003     2004     2005     2006     2007        
 
Income from operations
  $ 16,298     $ 34,762     $ 66,713     $ 67,595     $ 73,914          
Add: Fixed charges
    235       2,094       3,092       3,240       3,331          
Earnings as defined
    16,533       36,856       69,805       70,835       77,245          
Fixed charges
  $ 235     $ 2,094     $ 3,092     $ 3,240     $ 3,331          
Ratio of earnings to fixed charges(1)
    70.4       17.6       22.6       21.9       23.2          
 
 
(1) The ratio of earnings to fixed charges is computed by dividing income (loss) from operations plus fixed charges by fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and that portion of rental payments under operating leases that we believe to be representative of interest.