EX-12.1 3 exhibit121-computationofra.htm EX-12.1
Exhibit 12.1
WORKIVA INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)

| Year ended December 31,
| 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
Earnings |  |  |  |  |  |  |  |  |
Loss before provision for income taxes | $ | (44,365) |  | $ | (43,953) |  | $ | (43,406) |  | $ | (41,122) |  | $ | (29,544)
Fixed charges | 3,413 |  | 3,176 |  | 3,257 |  | 3,106 |  | 1,211
Total earnings as defined | $ | (40,952) |  | $ | (40,777) |  | $ | (40,149) |  | $ | (38,016) |  | $ | (28,333)
Fixed charges |  |  |  |  |  |  |  |  |
I nterest expense (1) | $ | 1,844 |  | $ | 1,875 |  | $ | 2,025 |  | $ | 2,044 |  | $ | 366
Estimated interest component of rental expense (2) | 1,569 |  | 1,301 |  | 1,232 |  | 1,062 |  | 845
Total fixed charges as defined | $ | 3,413 |  | $ | 3,176 |  | $ | 3,257 |  | $ | 3,106 |  | $ | 1,211
Ratio of earnings to fixed charges | — |  | — |  | — |  | — |  | —
Deficiency of earnings available to cover fixed charges | $ | (44,365) |  | $ | (43,953) |  | $ | (43,406) |  | $ | (41,122) |  | $ | (29,544)

(1) Interest expense includes amortization expense for debt issuance costs.
(2) One-thi rd of ne t rent expense is the portion deemed representative of the interest factor.