Exhibit 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
6 Months Ended June 30, |
Years Ended December 31, | |||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Earnings calculation: |
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Income from continuing operations before income taxes and income from investment in unconsolidated affiliate |
$ | 419 | $ | 729 | $ | 793 | $ | 734 | $ | 640 | $ | 667 | ||||||||||||
Interest on indebtedness |
87 | 188 | 198 | 220 | 260 | 76 | ||||||||||||||||||
Estimated interest component of rental expense |
18 | 38 | 37 | 38 | 41 | 32 | ||||||||||||||||||
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Total adjusted earnings |
$ | 524 | $ | 955 | $ | 1,028 | $ | 992 | $ | 941 | $ | 775 | ||||||||||||
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Fixed charges: |
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Interest on indebtedness |
$ | 87 | $ | 188 | $ | 198 | $ | 220 | $ | 260 | $ | 76 | ||||||||||||
Estimated interest component of rental expense |
18 | 38 | 37 | 38 | 41 | 32 | ||||||||||||||||||
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Total fixed charges |
$ | 105 | $ | 226 | $ | 235 | $ | 258 | $ | 301 | $ | 108 | ||||||||||||
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Ratio of earnings to fixed charges |
5.0 | 4.2 | 4.4 | 3.8 | 3.1 | 7.2 |
Note: Interest component of rental expense estimated to be 1/3 of rental expense.