Exhibit 12
Fiserv, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| Earnings calculation: |
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| Income from continuing operations before income taxes and income from investment in unconsolidated affiliate |
$ | 274 | $ | 1,047 | $ | 898 | $ | 881 | $ | 723 | $ | 786 | ||||||||||||
| Interest on indebtedness |
41 | 164 | 164 | 174 | 188 | 198 | ||||||||||||||||||
| Estimated interest component of rental expense |
9 | 36 | 35 | 37 | 38 | 37 | ||||||||||||||||||
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| Total adjusted earnings |
$ | 324 | $ | 1,247 | $ | 1,097 | $ | 1,092 | $ | 949 | $ | 1,021 | ||||||||||||
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| Fixed charges: |
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| Interest on indebtedness |
$ | 41 | $ | 164 | $ | 164 | $ | 174 | $ | 188 | $ | 198 | ||||||||||||
| Estimated interest component of rental expense |
9 | 36 | 35 | 37 | 38 | 37 | ||||||||||||||||||
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| Total fixed charges |
$ | 50 | $ | 200 | $ | 199 | $ | 211 | $ | 226 | $ | 235 | ||||||||||||
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| Ratio of earnings to fixed charges |
6.5 | 6.2 | 5.5 | 5.2 | 4.2 | 4.3 | ||||||||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense.