EX-12.1 3 vrsn-sx42017xex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in thousands)
 
Six months ended
June 30,
 
Years ended December 31,
Fixed charges:
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Interest expense including amortization of discounts and issuance costs
 
$
58,113

 
$
115,564

 
$
107,631

 
$
85,994

 
$
74,761

 
$
50,196

Interest capitalized
 
—

 
—

 
586

 
707

 
1,218

 
934

Rent expense (interest factor)
 
212

 
473

 
561

 
548

 
637

 
941

     Total fixed charges
 
$
58,325

 
$
116,037

 
$
108,778

 
$
87,249

 
$
76,616

 
$
52,071

Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
307,421

 
$
581,173

 
$
487,650

 
$
483,311

 
$
456,771

 
$
412,695

Fixed charges
 
58,325

 
116,037

 
108,778

 
87,249

 
76,616

 
52,071

Amortization of capitalized interest
 
182

 
642

 
874

 
1,044

 
927

 
917

Interest capitalized
 
—

 
—

 
(586
)
 
(707
)
 
(1,218
)
 
(934
)
     Total Earnings
 
$
365,928

 
$
697,852

 
$
596,716

 
$
570,897

 
$
533,096

 
$
464,749

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
6.3

 
6.0

 
5.5

 
6.5

 
7.0

 
8.9