EX-12.1 2 ex-121earningstofixedch10x.htm EXHIBIT 12.1 EX-12.1 Earnings to Fixed Ch 10-K 2014


EXHIBIT 12.1

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES - FAIR ISAAC CORPORATION
(In thousands, except ratio data)

 
Year Ended September 30,
 
2010
2011
2012
2013
2014
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Income from continuing operations before income taxes
$
92,304

$
97,455

$
136,243

$
131,984

$
133,131

 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest expense
24,124

32,364

31,734

30,281

28,594

Rent expense (Interest factor)
7,538

7,021

7,100

7,359

6,480

TOTAL FIXED CHARGES
31,662

39,385

38,834

37,640

35,074

 
 
 
 
 
 
EARNINGS AVAILABLE FOR FIXED CHARGES
$
123,966

$
136,840

$
175,077

$
169,624

$
168,205

 
 
 
 
 
 
Ratio of earnings to fixed charges (1)
3.92

3.47

4.51

4.51

4.80


(1) The ratio of earnings to fixed charges has been computed by dividing earnings available for fixed charges (earnings before income taxes plus fixed charges) by fixed charges (interest expense plus portion of rental expense that represents interest).