EX-12.1 2 c46985exv12w1.htm EX-12.1 EX-12.1
EXHIBIT 12.1
Digital River, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                                 
                                            Nine months
                                            ended
    Years ended December 31,   September 30,
    2003   2004   2005   2006   2007   2008
Income from operations as reported
   $ 16,298     $ 34,762     $ 66,713     $ 67,595     $ 73,914     $ 52,359  
Add: Fixed charges
     235       2,094       3,092       3,240       3,331       2,688  
Earnings as defined
     16,533       36,856       69,805       70,835       77,245       55,047  
Fixed charges
   $ 235     $ 2,094     $ 3,092     $ 3,240     $ 3,331     $ 2,688  
Ratio of earnings to fixed charges (1)
     70.4       17.6       22.6       21.9       23.2       20.5  
 
(1)   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.