EX-12.1 4 dvax-ex121_9.htm EX-12.1 dvax-ex121_9.htm

 

Exhibit 12.1

 

 

For the Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

 

(In thousands)

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income taxes

$

(112,444

)

 

$

(106,794

)

 

$

(90,722

)

 

$

(66,720

)

 

$

(69,949

)

 

Fixed charges

 

630

 

 

 

1,108

 

 

 

508

 

 

 

509

 

 

 

2,795

 

 

Earnings, as defined

$

(111,814

)

 

$

(105,686

)

 

$

(90,214

)

 

$

(66,211

)

 

$

(67,154

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$

-

 

 

$

572

 

 

$

35

 

 

$

-

 

 

$

2,351

 

 

Estimated interest component of rent expenses

 

630

 

 

 

536

 

 

 

473

 

 

 

509

 

 

 

444

 

 

Total fixed charges

$

630

 

 

$

1,108

 

 

$

508

 

 

$

509

 

 

$

2,795

 

 

Preferred stock deemed dividend

 

-

 

 

 

-

 

 

 

-

 

 

 

8,469

 

 

 

-

 

 

Total fixed charges and preferred dividend

$

630

 

 

$

1,108

 

 

$

508

 

 

$

8,978

 

 

$

2,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover fixed charges and preferred stock dividends(1)

$

(112,444

)

 

 

(106,794

)

 

$

(90,722

)

 

 

(75,189

)

 

 

(69,949

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1):  Adjusted earnings, as described above, were insufficient to cover fixed charges in each year.