EXHIBIT 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Six Months Ended June 30, |
Years Ended December 31, | |||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
| Earnings calculation: |
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| Income from continuing operations before income taxes and income from investment in unconsolidated affiliate |
$ | 398 | $ | 734 | $ | 640 | $ | 667 | $ | 605 | $ | 697 | ||||||
| Interest on indebtedness |
96 | 220 | 260 | 76 | 41 | 28 | ||||||||||||
| Estimated interest component of rental expense |
19 | 38 | 41 | 32 | 31 | 30 | ||||||||||||
| Total adjusted earnings |
$ | 513 | $ | 992 | $ | 941 | $ | 775 | $ | 677 | $ | 755 | ||||||
| Fixed charges: |
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| Interest on indebtedness |
$ | 96 | $ | 220 | $ | 260 | $ | 76 | $ | 41 | $ | 28 | ||||||
| Estimated interest component of rental expense |
19 | 38 | 41 | 32 | 31 | 30 | ||||||||||||
| Total fixed charges |
$ | 115 | $ | 258 | $ | 301 | $ | 108 | $ | 72 | $ | 58 | ||||||
| Ratio of earnings to fixed charges |
4.5 | 3.8 | 3.1 | 7.2 | 9.4 | 13.0 | ||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.