Exhibit 12.1
ServiceNow, 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 (benefit from) income taxes | $ | (149,004 | ) | $ | (450,051 | ) | $ | (193,012 | ) | $ | (175,540 | ) | $ | (71,197 | ) | |||||
Fixed charges | 74,545 | 50,920 | 43,540 | 38,571 | 9,375 | |||||||||||||||
Interest capitalized | — | — | 46 | 72 | — | |||||||||||||||
Total earnings as defined | $ | (74,459 | ) | $ | (399,131 | ) | $ | (149,517 | ) | $ | (137,041 | ) | $ | (61,822 | ) | |||||
Fixed charges | ||||||||||||||||||||
Interest expense (1) | $ | 416 | $ | 476 | $ | 538 | $ | 138 | $ | 14 | ||||||||||
Amortization of debt discount and issuance costs | 53,394 | 33,278 | 31,097 | 29,059 | 3,498 | |||||||||||||||
Estimated interest component of rental expense (2) | 20,735 | 17,166 | 11,905 | 9,374 | 5,863 | |||||||||||||||
Total fixed charges as defined | $ | 74,545 | $ | 50,920 | $ | 43,540 | $ | 38,571 | $ | 9,375 | ||||||||||
Ratio of earnings to fixed charges | — | — | — | — | — | |||||||||||||||
Deficiency of earnings available to cover fixed charges | $ | 149,004 | $ | 450,051 | $ | 192,966 | $ | 175,468 | $ | 71,197 | ||||||||||
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(1) | Interest expense includes amortization expense for debt issuance costs and capitalized interest. |
(2) | One-third of net rent expense is the portion deemed representative of the interest factor. |