EX-12.1 5 d591713dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Applied Genetic Technologies Corporation

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in thousands)

(Unaudited)

 

     Nine Months
Ended
March 31, 2018		     Year Ended June 30,  
       2017      2016     2015  

Ratio of Earnings to Fixed Charges

          

Earnings

          

(Loss) income before income tax expense (before adjustment for income or loss from equity investees)

    $ (14,749 )    $ 2,807      $ (1,381 )    $ (24,318 ) 

Plus:

          

Fixed charges

          

Amortization of capitalized interest

      5       2        —         —    

Distributed income of equity investees

      (5 )      —          —         —    

Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges

      —         —          —         —    

Less:

          

Capitalized interest

      —         34        —         —    

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

      —         —          —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

(Loss) income before income tax expense and fixed charges

    $ (14,749 )    $ 2,775      $ (1,381 )    $ (24,318 ) 
  

 

 

    

 

 

     

 

 

    

 

 

  

Fixed charges

          

Interest expense, net, including amortization of premiums, discounts and capitalized expenses related to indebtedness

    $ 5     $ 2      $ —       $ —    

Capitalized interest

      —         34        —         —    

Estimate of interest component in rent expense

      101       —          —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

Total fixed charges

    $ 106     $ 36      $ —       $ —    
  

 

 

    

 

 

     

 

 

    

 

 

  

Ratio of earnings to fixed charges

      NM       77        NM       NM  
  

 

 

    

 

 

     

 

 

    

 

 

  

(Deficiency) excess

    $ (14,855 )    $ 2,739      $ (1,381 )    $ (24,318 ) 
  

 

 

    

 

 

     

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

          

Earnings

          

(Loss) income before income tax expense (before adjustment for income or loss from equity investees)

    $ (14,749 )    $ 2,807      $ (1,381 )    $ (24,318 ) 

Plus:

          

Fixed charges

          

Amortization of capitalized interest

      5       2        —         —    

Distributed income of equity investees

      (5 )      —          —         —    

Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges

      —         —          —         —    

Less:

          

Capitalized interest

      —         34        —         —    

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

      —         —          —         —    

Preferred dividends

      —         —          —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

(Loss) income before income tax expense and fixed charges

    $ (14,749 )    $ 2,775      $ (1,381 )    $ (24,318 ) 
  

 

 

    

 

 

     

 

 

    

 

 

  

Fixed charges

          

Interest expense, net, including amortization of premiums, discounts and capitalized expenses related to indebtedness

    $ 5     $ 2        —         —    

Capitalized interest

      —         34        —         —    

Estimate of interest component in rent expense

      101       —          —         —    

Preferred dividends

      —         —          —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

Total fixed charges

      106       36        —         —    
  

 

 

    

 

 

     

 

 

    

 

 

  

Ratio of earnings to fixed charges

      NM       77        NM       NM  
  

 

 

    

 

 

     

 

 

    

 

 

  

(Deficiency) excess

    $ (14,855 )    $ 2,739      $ (1,381 )    $ (24,318 )