EX-12.1 5 d573356dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

CareDx, Inc.

Statement Regarding Computation of Earnings to Fixed Charges

(In thousands)

The following table sets forth our ratio of earnings to fixed charges and our ratio of earnings to fixed charges for the years ended December 31, 2013, 2014, 2015, 2016, 2017 and for the six months ended June 30, 2018. As the ratios of earnings to fixed charges and earnings to combined fixed charges indicate less than one-to-one coverage for each of the periods presented, we have provided the coverage deficiency amounts for these periods. Earnings are the sum of the loss from operations before income taxes, plus fixed charges. Fixed charges are comprised of interest expense and the estimated interest portion of rent expense.

 

    

Six Months Ended

June 30,

    Fiscal Year Ended December 31,  
     2018     2017     2016     2015     2014     2013  

Loss before income taxes

   $ (23,861   $ (57,269   $ (41,362   $ (13,707   $ (719   $ (3,542

Add back : Fixed charges

     3,435       6,322       2,224       1,821       2,456       2,493  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings as defined

     (20,426     (50,947     (39,138     (11,886     1,737       (1,049

Fixed charges:

            

Interest expense

     3,234       5,918       1,889       1,617       2,120       2,153  

Estimated interest portion of rental expense

     201       404       335       204       336       340  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 3,435     $ 6,322     $ 2,224     $ 1,821     $ 2,456     $ 2,493  

Ratio of earnings to fixed charges

     N/A       N/A       N/A       N/A       N/A       N/A  

Deficiency of earnings to cover fixed charges

   $ (23,861   $ (57,269   $ (41,362   $ (13,707   $ (719   $ (3,542