Attached files

file filename
10-K - FORM 10-K - DIGITAL RIVER INC /DEc56395e10vk.htm
EX-23.1 - EX-23.1 - DIGITAL RIVER INC /DEc56395exv23w1.htm
EX-10.28 - EX-10.28 - DIGITAL RIVER INC /DEc56395exv10w28.htm
EX-31.2 - EX-31.2 - DIGITAL RIVER INC /DEc56395exv31w2.htm
EX-31.1 - EX-31.1 - DIGITAL RIVER INC /DEc56395exv31w1.htm
EX-10.27 - EX-10.27 - DIGITAL RIVER INC /DEc56395exv10w27.htm
EX-10.29 - EX-10.29 - DIGITAL RIVER INC /DEc56395exv10w29.htm
EX-21.1 - EX-21.1 - DIGITAL RIVER INC /DEc56395exv21w1.htm
EX-10.26 - EX-10.26 - DIGITAL RIVER INC /DEc56395exv10w26.htm
EX-32 - EX-32 - DIGITAL RIVER INC /DEc56395exv32.htm
EX-10.25 - EX-10.25 - DIGITAL RIVER INC /DEc56395exv10w25.htm
EXHIBIT 12.1
 
Digital River, Inc.
 
Computation of Ratio of Earnings to Fixed Charges
 
                                         
    Years Ended December 31,  
    2005     2006     2007     2008     2009  
 
Income from operations
  $ 66,420     $ 67,595     $ 73,914     $ 71,571     $ 63,501  
Add: Fixed charges(1)
    3,092       3,240       3,331       3,569       6,092  
Earnings as defined
    69,512       70,835       77,245       75,140       69,593  
Fixed charges(1)
  $ 3,092     $ 3,240     $ 3,331     $ 3,569     $ 6,092  
Ratio of earnings to fixed charges(2)
    22.5       21.9       23.2       21.1       11.4  
 
 
(1) The significant change in fixed charges is primarily due to the repurchase of our Convertible Senior Notes.
 
(2) The ratio of earnings to fixed charges is computed by dividing income from operations plus fixed charges by fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and that portion of rental payments under operating leases that we believe to be representative of interest.