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As Of Filer Filing For·On·As Docs:Size 8/07/18 Cornerstone OnDemand Inc S-3ASR 8/07/18 5:2.3M |
Document/Exhibit Description Pages Size
1: S-3ASR Automatic Shelf Registration Statement for HTML 475K
Securities of a Well-Known Seasoned
Issuer
2: EX-5.1 Opinion re: Legality HTML 17K
4: EX-23.1 Consent of Experts or Counsel HTML 6K
5: EX-25.1 Statement re: Eligibility of Trustee -- Form T-1|2 HTML 41K
3: EX-12.1 Statement re: Computation of Ratios HTML 22K
| Exhibit |
• | Earnings available for fixed charges are calculated first, by determining the sum of: (a) income (loss) from continuing operations
before income taxes and equity income; (b) distributed equity income; (c) fixed charges, as defined below; and (d) amortization of capitalized interest, if any. From this total, we subtract capitalized interest and net income attributable to non-controlling interests. |
• | Fixed charges are calculated as the sum of: (a) interest costs (both expensed and capitalized); (b) amortization of debt expense and discount or premium relating to any indebtedness; and (c) that portion of rental expense that is representative of the interest factor. |
Year
Ended December 31, | Six Months Ended June 30, | |||||||||||||||||
Dollars in thousands | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||
Fixed charges: | ||||||||||||||||||
Interest
expense | $ | (6,563 | ) | $ | (12,157 | ) | $ | (12,506 | ) | $ | (12,924 | ) | $ | (14,762 | ) | $ | (17,491 | ) |
Estimate
of interest for rental expense | $ | (109 | ) | $ | (283 | ) | $ | (332 | ) | $ | (384 | ) | $ | (397 | ) | $ | (237 | ) |
Total
fixed charges | $ | (6,672 | ) | $ | (12,440 | ) | $ | (12,838 | ) | $ | (13,308 | ) | $ | (15,159 | ) | $ | (17,728 | ) |
Earnings
available for fixed charges: | ||||||||||||||||||
Loss before income taxes | $ | (40,554 | ) | $ | (64,044 | ) | $ | (84,335 | ) | $ | (65,630 | ) | $ | (59,589 | ) | $ | (27,154 | ) |
Add:
Fixed charges | $ | 6,672 | $ | 12,440 | $ | 12,838 | $ | 13,308 | $ | 15,159 | $ | 17,728 | ||||||
Add:
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||
Total
earnings (loss) available for fixed charges | $ | (33,882 | ) | $ | (51,604 | ) | $ | (71,497 | ) | $ | (52,322 | ) | $ | (44,430 | ) | $ | (9,426 | ) |
Deficiency
of earnings available to cover fixed charges (1) | $ | (40,554 | ) | $ | (64,044 | ) | $ | (84,335 | ) | $ | (65,630 | ) | $ | (59,589 | ) | $ | (27,154 | ) |
(1) | Earnings
were insufficient to cover fixed charges in each of the periods presented. Accordingly, the ratio of earnings to fixed changes for these periods has not been computed. |