EX-12.1 6 d604479dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

APPIAN CORPORATION AND SUBSIDIARIES

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

(In thousands)

(Unaudited)

 

                                                                                                                                                  
     Three Months Ended June 30,      Six Months Ended June 30,      Year Ended December 31,  
     2018      2017      2018      2017      2017      2016      2015  

Earnings available for fixed charges:

                     

Loss before income taxes

     $ (10,932)       $ (14,283)       $ (20,274)       $ (17,553)       $ (30,246)       $ (14,144)       $ (6,609)  

Fixed charges

      681         1,121         1,333         1,895         3,010         2,678         1,336   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total earnings available for fixed charges

     $ (10,251)       $ (13,162)       $ (18,941)       $ (15,658)       $ (27,236)       $ (11,466)       $ (5,273)  

Fixed charges:

                     

Interest expense (1)

      55        581        67        837        857        982        188  

Estimated interest component of rent expense

      626        540        1,266        1,058        2,153        1,696        1,148  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

     $ 681        $ 1,121        $ 1,333        $ 1,895        $ 3,010        $ 2,678        $ 1,336   

Ratio of earnings to fixed charges (2)

      -             -             -             -             -             -             -       

(1)            Interest expense includes amortization of debt-related expenses.

(2)            Earnings in the three and six months ended June 30, 2018 were insufficient to cover fixed charges by $10.9 million and $20.3 million, respectively. Earnings in the three and six months ended June 30, 2017 were insufficient to cover fixed charges by $14.3 million and $17.6 million, respectively. Earnings in the years ended December 31, 2017, 2016, and 2015 were insufficient to cover fixed charges by $30.2 million, $14.1 million, and $6.6 million, respectively.