EX-12.1 5 s-3exhibit121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
TRINET GROUP, INC.
Statement of Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends


 
Six Months Ended
June 30,
 
Year Ended December 31,
 
2017
2016
 
2016
2015
2014
2013
2012
Income before income taxes
$
97,139

$
42,310

 
$
104,452

$
60,010

$
33,076

$
21,084

$
52,176

Add: Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense and bank fees
9,605

10,080

 
20,257

19,449

54,193

45,724

9,709

Interest component of rental expense
3,083

2,643


5,574

4,297

3,970

3,287

2,433

Total fixed charges
$
12,688

$
12,723

 
$
25,831

$
23,746

$
58,163

$
49,011

$
12,142

Total earnings
$
109,827

$
55,033


$
130,283

$
83,756

$
91,239

$
70,095

$
64,318

Ratio of earnings to fixed charges
8.7

4.3


5.0

3.5

1.6

1.4

5.3