Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FISERV INC | d8k.htm |
Exhibit 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Years Ended December 31, | 3 Months Ended March 31, |
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| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||||||||||||
| Earnings calculation: |
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| Income from continuing operations before income taxes and income from investment in unconsolidated affiliate |
$ | 605 | $ | 667 | $ | 640 | $ | 734 | $ | 793 | $ | 176 | ||||||||||||
| Interest on indebtedness |
41 | 76 | 260 | 220 | 198 | 50 | ||||||||||||||||||
| Estimated interest component of rental expense |
31 | 32 | 41 | 38 | 37 | 10 | ||||||||||||||||||
| Total adjusted earnings |
$ | 677 | $ | 775 | $ | 941 | $ | 992 | $ | 1,028 | $ | 236 | ||||||||||||
| Fixed charges: |
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| Interest on indebtedness |
$ | 41 | $ | 76 | $ | 260 | $ | 220 | $ | 198 | $ | 50 | ||||||||||||
| Estimated interest component of rental expense |
31 | 32 | 41 | 38 | 37 | 10 | ||||||||||||||||||
| Total fixed charges |
$ | 72 | $ | 108 | $ | 301 | $ | 258 | $ | 235 | $ | 60 | ||||||||||||
| Ratio of earnings to fixed charges |
9.4 | 7.2 | 3.1 | 3.8 | 4.4 | 3.9 | ||||||||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.