EX-12.1 2 ex-121earningstofixedch10x.htm EXHIBIT 12.1 FICO 10-K 2017
EXHIBIT 12.1
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES - FAIR ISAAC CORPORATION
(In thousands, except ratio data)

| Year Ended September 30,
| 2013 |  | 2014 |  | 2015 |  | 2016 |  | 2017
Earnings: |  |  |  |  |  |  |  |  |
Income before income taxes | $ | 131,984 |  |  | $ | 133,131 |  |  | $ | 109,238 |  |  | $ | 144,569 |  |  | $ | 151,324 |
Fixed charges: |  |  |  |  |  |  |  |  |
Interest expense | 30,281 |  |  | 28,594 |  |  | 29,254 |  |  | 26,791 |  |  | 25,956 |
Rent expense (Interest factor) | 7,359 |  |  | 6,480 |  |  | 6,892 |  |  | 5,875 |  |  | 6,208 |
TOTAL FIXED CHARGES | 37,640 |  |  | 35,074 |  |  | 36,146 |  |  | 32,666 |  |  | 32,164 |
EARNINGS AVAILABLE FOR FIXED CHARGES | $ | 169,624 |  |  | $ | 168,205 |  |  | $ | 145,384 |  |  | $ | 177,235 |  |  | $ | 183,488 |
Ratio of earnings to fixed charges (1) | 4.51 |  |  | 4.80 |  |  | 4.02 |  |  | 5.43 |  |  | 5.70 |

(1) The ratio of earnings to fixed charges has been computed by dividing earnings available for fixed charges (earnings before income taxes plus fixed charges) by fixed charges (interest expense plus portion of rental expense that represents interest).