Exhibit 12.1
Workday, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Year ended January 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Earnings |
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| Loss before provision for (benefit from) income taxes |
$ | (409,092 | ) | $ | (288,901 | ) | $ | (245,972 | ) | $ | (170,831 | ) | $ | (119,066 | ) | |||||
| Fixed charges |
57,578 | 47,304 | 41,218 | 25,702 | 5,450 | |||||||||||||||
| Interest capitalized |
(3,328 | ) | (51 | ) | — | — | — | |||||||||||||
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| Total earnings as defined |
$ | (354,842 | ) | $ | (241,648 | ) | $ | (204,754 | ) | $ | (145,129 | ) | $ | (113,616 | ) | |||||
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| Fixed charges |
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| Interest expense (1) |
$ | 8,566 | $ | 8,547 | $ | 8,972 | $ | 6,519 | $ | 1,363 | ||||||||||
| Amortization of debt discount |
24,864 | 23,435 | 22,088 | 13,099 | — | |||||||||||||||
| Estimated interest component of rental expense (2) |
24,148 | 15,322 | 10,158 | 6,084 | 4,087 | |||||||||||||||
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| Total fixed charges as defined |
$ | 57,578 | $ | 47,304 | $ | 41,218 | $ | 25,702 | $ | 5,450 | ||||||||||
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| Ratio of earnings to fixed charges |
— | — | — | — | — | |||||||||||||||
| Deficiency of earnings available to cover fixed charges |
$ | 414,420 | $ | 288,952 | $ | 245,972 | $ | 170,831 | $ | 119,066 | ||||||||||
| (1) | Interest expense includes amortization expense for debt issuance costs and capitalized interest. |
| (2) | One-third of net rent expense is the portion deemed representative of the interest factor. |