EX-12.1 4 exhbit121-computationofrat.htm EXHIBIT 12.1 Exhibit

Exhibit 12.1
ServiceNow, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
Year ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings
 
 
 
 
 
 
 
 
 
Loss before provision for (benefit from) income taxes
$
(149,004
)
 
$
(450,051
)
 
$
(193,012
)
 
$
(175,540
)
 
$
(71,197
)
Fixed charges
74,545

 
50,920

 
43,540

 
38,571

 
9,375

Interest capitalized
—

 
—

 
46

 
72

 
—

Total earnings as defined
$
(74,459
)
 
$
(399,131
)
 
$
(149,517
)
 
$
(137,041
)
 
$
(61,822
)
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
Interest expense (1)
$
416

 
$
476

 
$
538

 
$
138

 
$
14

Amortization of debt discount and issuance costs
53,394

 
33,278

 
31,097

 
29,059

 
3,498

Estimated interest component of rental expense (2)
20,735

 
17,166

 
11,905

 
9,374

 
5,863

Total fixed charges as defined
$
74,545

 
$
50,920

 
$
43,540

 
$
38,571

 
$
9,375

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
Deficiency of earnings available to cover fixed charges
$
149,004

 
$
450,051

 
$
192,966

 
$
175,468

 
$
71,197

___________________
(1)
Interest expense includes amortization expense for debt issuance costs and capitalized interest.

(2)
One-third of net rent expense is the portion deemed representative of the interest factor.