EX-12.1 8 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

JAZZ PHARMACEUTICALS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

 

     Three Months
Ended March 31,

2008
   

 

 

Year Ended December 31,

    Period from
March 20, 2003
(Inception) to
December 31,

2003
 
     2007     2006     2005     2004    

EARNINGS:

            

Loss before income taxes

     (46,710 )     (138,826 )     (59,391 )     (85,156 )     (24,804 )     (2,528 )

Plus: fixed charges (see below)

     4,082       14,150       14,458       7,361       109       34  

Less: capitalized interest

     —         —         —         —         —         —    
                                                

Total loss to cover fixed charges

     (42,628 )     (124,676 )     (44,933 )     (77,795 )     (24,695 )     (2,494 )

FIXED CHARGES:

            

Interest expense

     3,616       12,151       12,000       6,200       —         —    

Amortization of capitalized expenses and accretion of debt discount related to indebtedness

     171       1,496       2,129       929       —         —    

Estimated interest portion of rental expense

     295       503       329       232       109       34  
                                                

Total Fixed Charges (1)

     4,082       14,150       14,458       7,361       109       34  

DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES

   $ (46,710 )   $ (138,826 )   $ (59,391 )   $ (85,156 )   $ (24,804 )   $ (2,528 )
                                                

 

(1) For purposes of computing the ratio of earnings to fixed charges, fixed charges consist of interest expense on long and short-term debt, amortization of deferred financing costs, accretion of a debt discount, interest imputed related to a government settlement obligation and a portion of rental expense deemed to be representative of interest.