EX-12.1 2 f92727p2exv12w1.txt EXHIBIT 12.1 . . . Exhibit 12.1 ELECTRONICS FOR IMAGING, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED YEAR ENDED DECEMBER 31, MARCH 31, ----------------------------------------------------- ------------------- 1999 2000 2001 2002 2003 2003 2004 -------- -------- -------- -------- -------- -------- -------- (DOLLARS IN THOUSANDS) Income from continuing operations before income taxes .... $142,197 $ 91,819 $ 60,372 $ 22,811 $ 41,328 $ 6,989 $ 16,156 FIXED CHARGES: Interest expense (including capitalized interest) ............ 1,400 621 1,229 22 2,886 -- 1,250 Interest relating to rental expense (1) ...................... 3,098 4,767 3,644 2,853 2,141 543 612 -------- -------- -------- -------- -------- -------- -------- Total fixed charges ........... 4,498 5,388 4,873 2,875 5,027 543 1,862 -------- -------- -------- -------- -------- -------- -------- Earnings available for fixed charges .......................... $146,695 $ 97,207 $ 65,245 $ 25,686 $ 46,355 $ 7,532 $ 18,018 -------- -------- -------- -------- -------- -------- -------- Ratio of earnings to fixed charges .......................... 32.61 18.04 13.39 8.93 9.22 13.87 9.68
----------------------------- (1) The representative interest portion of rental expense was deemed to be one-third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2003 which was deemed to be all interest.