Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 PRESS RELEASE 15AUG2018 - PROS Holdings, Inc. | ex992pressrelease-aug152018.htm |
| EX-99.1 - EXHIBIT 99.1 PRESS RELEASE 13AUG2018 - PROS Holdings, Inc. | ex991pressrelease13aug2018.htm |
| EX-5.1 - EXHIBIT 5.1 OPINION OF DLA PIPER LLP (US) - PROS Holdings, Inc. | ex51opinionofdlapiperllpus.htm |
| EX-1.1 - EXHIBIT 1.1 UNDERWRITING AGREEMENT - PROS Holdings, Inc. | ex11underwritingagreement.htm |
| 8-K - FORM 8-K - PROS Holdings, Inc. | form8-k20180816publicoffer.htm |
EXHIBIT 12.1
PROS Holdings, Inc.
Statement of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands)
Year Ended December 31, | Six Months Ended June 30, 2018 | ||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||
Earnings: | |||||||||||||||||||||
Earnings (loss) before taxes | $ | 3,273 | $ | (25,058) | $ | (65,072) | $ | (74,755) | $ | (77,777) | $ | (35,699 | ) | ||||||||
Add: fixed charges | 681 | 1,565 | 10,086 | 10,667 | 14,511 | 9,069 | |||||||||||||||
Adjusted earnings (loss) | 3,954 | (23,493) | (54,987) | (64,088) | (63,266) | (26,630 | ) | ||||||||||||||
Fixed charges and Preferred Stock Dividends: | |||||||||||||||||||||
Convertible debt interest and amortization | $ | - | $ | 492 | $ | 8,914 | $ | 9,319 | $ | 13,218 | $ | 8,405 | |||||||||
Portion of rent expense that represents interest factor (1) | 681 | 1,073 | 1,172 | 1,348 | 1,293 | 664 | |||||||||||||||
Preferred stock dividends | - | - | - | - | - | - | |||||||||||||||
Total fixed charges and preferred stock dividends | $ | 681 | $ | 1,565 | $ | 10,086 | $ | 10,667 | $ | 14,511 | $ | 9,069 | |||||||||
Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (2) | 5.8 | n/a | n/a | n/a | n/a | n/a | |||||||||||||||
(1) | The Company estimates that 33% of its rental costs represents interest expense. This factor has been applied to all periods presented in the table above. |
(2) | The Company reported a net loss for the years ended December 31, 2014, 2015, 2016 and 2017 and the six months ended June 30, 2018, and would have needed to generate additional income of approximately $25.1 million, $65.1 million, $74.8 million, $77.8 million and $35.7 million, respectively, to cover its fixed charges and combined fixed charges and preferred stock dividends of approximately $1.6 million, $10.1 million, $10.7 million, $14.5 million and $9.1 million, respectively. |