EX-12 4 a2229258zex-12.htm EX-12

Exhibit 12

Exact Sciences Corporation Computation of Earnings to Fixed Charges

(in thousands)

 

 

 

Sixth
Months
Ended

 

Fiscal Year Ended December 31

 

 

 

Jun-16

 

2015

 

2014

 

2013

 

2012

 

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations

 

$

(92,238

)

$

(157,803

)

$

(100,048

)

$

(46,514

)

$

(52,421

)

$

(28,675

)

Add: Fixed Charges

 

$

161

 

$

145

 

$

186

 

$

176

 

$

78

 

$

39

 

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

$

—

 

$

—

 

Earnings available for fixed charges

 

$

(92,077

)

$

(157,658

)

$

(99,862

)

$

(46,338

)

$

(52,343

)

$

(28,636

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

107

 

6

 

51

 

69

 

41

 

21

 

Rental expense interest estimate

 

54

 

139

 

135

 

107

 

37

 

18

 

Total fixed charges

 

$

161

 

$

145

 

$

186

 

$

176

 

$

78

 

$

39

 

Deficiency of Earnings to Cover Fixed Charges

 

(92,238

)

(157,803

)

(100,048

)

(46,514

)

(52,421

)

(28,675

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

(1)

 

(1)

 

(1)

 

(1)

 

(1)

 

(1)

 

 

(1) During each of these periods, our earnings were less than our fixed charges.  The amount of the deficiency for each period is set forth in the above table under the caption “Deficiency of Earnings to Cover Fixed Charges.”