EX-12.1 5 d593228dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

PROS Holdings, Inc.

Statement of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends

(in thousands)

 

     Year Ended December 31,  
     2013      2014     2015     2016     2017  

Earnings:

            

Earnings (loss) before taxes

    $ 3,273      $ (25,058 )    $ (65,072 )    $ (74,755 )    $ (77,777 ) 

Add: fixed charges

      681        1,580       10,086       10,667       14,511  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Adjusted earnings (loss)

      3,954        (23,493 )      (54,987 )      (64,088 )      (63,266 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges and Preferred Stock Dividends:

            

Convertible debt interest and amortization

    $ —        $ 492     $ 8,914     $ 9,319     $ 13,218  

Portion of rent expense that represents interest factor (1)

    $ 681      $ 1,088     $ 1,172     $ 1,348     $ 1,293  

Preferred stock dividends

      —          —         —         —         —    
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges and preferred stock dividends

    $ 681      $ 1,580     $ 10,086     $ 10,667     $ 14,511  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

      5.8        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.