Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - WORKIVA INC | exhibit322-section906x.htm |
| EX-32.1 - EX-32.1 - WORKIVA INC | exhibit321-section906x.htm |
| EX-31.2 - EX-31.2 - WORKIVA INC | exhibit312-section302x.htm |
| EX-31.1 - EX-31.1 - WORKIVA INC | exhibit311-section302x.htm |
| 10-Q - 10-Q - WORKIVA INC | wk-20180502.htm |
Exhibit 12.1
WORKIVA INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Three months ended March 31, | Year ended December 31, | ||||||||||||||||||||||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||||||||||||
| Earnings | |||||||||||||||||||||||||||||||||||
| Loss before provision for income taxes | $ | (9,613) | $ | (44,365) | $ | (43,953) | $ | (43,406) | $ | (41,122) | $ | (29,544) | |||||||||||||||||||||||
| Fixed charges | 910 | 3,414 | 3,176 | 3,257 | 3,106 | 1,211 | |||||||||||||||||||||||||||||
| Total earnings as defined | $ | (8,703) | $ | (40,951) | $ | (40,777) | $ | (40,149) | $ | (38,016) | $ | (28,333) | |||||||||||||||||||||||
| Fixed charges | |||||||||||||||||||||||||||||||||||
Interest expense (1) | $ | 450 | $ | 1,845 | $ | 1,875 | $ | 2,025 | $ | 2,044 | $ | 366 | |||||||||||||||||||||||
Estimated interest component of rental expense (2) | 460 | 1,569 | 1,301 | 1,232 | 1,062 | 845 | |||||||||||||||||||||||||||||
| Total fixed charges as defined | $ | 910 | $ | 3,414 | $ | 3,176 | $ | 3,257 | $ | 3,106 | $ | 1,211 | |||||||||||||||||||||||
| Ratio of earnings to fixed charges | — | — | — | — | — | — | |||||||||||||||||||||||||||||
| Deficiency of earnings available to cover fixed charges | $ | (9,613) | $ | (44,365) | $ | (43,953) | $ | (43,406) | $ | (41,122) | $ | (29,544) | |||||||||||||||||||||||
(1) Interest expense includes amortization expense for debt issuance costs.
(2) One-third of net rent expense is the portion deemed representative of the interest factor.