Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - ENVESTNET, INC. | env-20171231ex3112d6ee7.htm |
| EX-32.2 - EX-32.2 - ENVESTNET, INC. | env-20171231ex32248c7fc.htm |
| EX-32.1 - EX-32.1 - ENVESTNET, INC. | env-20171231ex321cda847.htm |
| EX-31.2 - EX-31.2 - ENVESTNET, INC. | env-20171231ex312955f2f.htm |
| EX-23.1 - EX-23.1 - ENVESTNET, INC. | env-20171231ex231b70d76.htm |
| EX-21.1 - EX-21.1 - ENVESTNET, INC. | env-20171231ex21199e9d3.htm |
| EX-10.37 - EX-10.37 - ENVESTNET, INC. | env-20171231ex10371aaed.htm |
| 10-K - 10-K - ENVESTNET, INC. | env-20171231x10k.htm |
Exhibit 12.1
Envestnet, Inc.
Ratio of Earnings to Fixed Charges
(unaudited)
(dollars in thousands)
|
|
Year Ended December 31, |
|||||||||||||
|
|
2017 |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|||||
|
Ratio of Earnings to Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
$ |
(1,689) |
|
$ |
(40,490) |
|
$ |
8,988 |
|
$ |
22,507 |
|
$ |
5,712 |
|
Add: fixed charges |
|
22,886 |
|
|
21,101 |
|
|
13,979 |
|
|
4,594 |
|
|
2,989 |
|
Income (loss) before income taxes and fixed charges |
$ |
21,197 |
|
$ |
(19,389) |
|
$ |
22,967 |
|
$ |
27,101 |
|
$ |
8,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized (1) |
$ |
8,107 |
|
$ |
8,638 |
|
$ |
4,765 |
|
$ |
1,772 |
|
$ |
1,288 |
|
Amortized premiums, discounts and capitalized expenses related to indebtedness |
|
8,751 |
|
|
8,112 |
|
|
6,394 |
|
|
326 |
|
|
- |
|
An estimate of the interest within rent expense (2) |
|
6,028 |
|
|
4351 |
|
|
2,820 |
|
|
2,496 |
|
|
1,701 |
|
Total fixed charges |
$ |
22,886 |
|
$ |
21,101 |
|
$ |
13,979 |
|
$ |
4,594 |
|
$ |
2,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
0.93 |
|
|
(0.92) |
|
|
1.64 |
|
|
5.90 |
|
|
2.91 |
|
(1) |
Amounts represent coupon interest, interest and fees related to the credit facility (as amended) and accretion on contingent consideration and purchase liability. |
|
(2) |
Interest is estimated by management to equal one‑third of minimum rent payments under operating leases. |
Because we had no shares of preferred stock outstanding during any of the periods presented, we do not separately present the ratio of earnings to combined fixed charges and preferred stock dividends.