EX-12.1 7 a2017exhibit121stmtofcompu.htm EXHIBIT 12.1 Exhibit




Exhibit 12.1

CODEXIS, INC.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In Thousands)
 

 
 
 
 
Years Ended December 31,
 
 
 
 
2013
 
 
2014
 
2015
 
2016
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
13

 
 
$
—


 
 
$
—


 
 
$
14

 
 
$
141
 
 
Total Fixed Charges
 
 
13


 
 
—
 

 
 
—
 

 
 
14

 
 
141

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (deficiency) available for fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income(loss) from continuing operations
 
 
(41,390)

 
 
(19,327)
 
 
 
(7,919)
 
 
 
(8,598)
 
 
(23,239)
 
 
add: Fixed Charges
 
 
13


 
 
—
 

 
 
—
 

 
 
14

 
 
141

 
 
Earnings(deficiency of earnings) available to cover fixed charges
 
$
(41,377)

 
 
$
(19,327)

 
 
$
(7,919)

 
 
$
(8,584)
 
 
$
(23,098)
 
Ratio of earnings to fixed charges (1)
 
 
 N/A

 
 
 N/A
 
 N/A
 
 N/A
 
 N/A

 
 
 
 
(1)
Our earnings were inadequate to cover fixed charges for the years ended December 31, 2013 through December 31, 2017.