ENVESTNET, INC. - FORM 10-K - EX-12.1 - March 2, 2015

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Exhibit 12.1

Envestnet, Inc.
Ratio of Earnings to Fixed Charges
and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(unaudited)
(dollars in thousands)

 
   Years Ended December 31,  
 
   2014   2013   2012   2011   2010  

Ratio of Earnings to Fixed Charges

                                

Earnings:

                                

Income before income taxes

   $ 22,507   $ 5,712   $ 3,068   $ 10,580   $ 907  

Add: Fixed charges

     4,594     2,989     1,336     1,763     1,387  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes and fixed charges

   $ 27,101   $ 8,701   $ 4,404   $ 12,343   $ 2,294  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed Charges:

                                

Interest expensed and capitalized(1)

   $ 1,772   $ 1,288   $ —   $ 786   $ 564  

Amortized premiums, discounts and capitalized expenses related to indebtedness

     326     —     —     —     —  

An estimate of the interest within rental expense(2)

     2,496     1,701     1,336     977     823  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

   $ 4,594   $ 2,989   $ 1,336   $ 1,763   $ 1,387  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to fixed charges

     5.90     2.91     3.30     7.00     1.65  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

                                

Earnings:

                                

Income before income taxes

   $ 22,507   $ 5,712   $ 3,068   $ 10,580   $ 907  

Add: Fixed charges

     4,594     2,989     1,336     1,763     1,649  

Subtract: Preferred stock dividends(3)

     —     —     —     —     (262 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes and fixed charges

   $ 27,101   $ 8,701   $ 4,404   $ 12,343   $ 2,294  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed Charges:

                                

Interest expensed and capitalized(1)

   $ 1,772   $ 1,288   $ —   $ 786   $ 564  

Amortized premiums, discounts and capitalized expenses related to indebtedness

     326     —     —     —     —  

An estimate of the interest within rental expense(2)

     2,496     1,701     1,336     977     823  

Preferred stock dividends(3)

     —     —     —     —     262  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges and preferred stock dividends

   $ 4,594   $ 2,989   $ 1,336   $ 1,763   $ 1,649  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to combined fixed charges and preferred stock dividends

     5.90     2.91     3.30     7.00     1.39  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(1)
Amounts presented for the years ended December 31, 2014 and 2013 represent coupon interest, interest and fees related to the credit facility and accretion on contingent consideration.

(2)
Interest is estimated by management to equal one-third of minimum rental payments under operating leases.

(3)
Preferred stock dividends are tax affected at a rate of 37.8% for 2010.



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Envestnet, Inc. Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (unaudited) (dollars in thousands)

ENVESTNET, INC. Reports