EX-12.1 2 d271985dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Omeros Corporation

Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges

 

     Year Ended December 31,  
     2011     2010     2009     2008     2007  
     (in thousands, except share data)  

Earnings before fixed charges:

           

Loss from continuing operations before income taxes

    $ (28,546 )    $ (29,251 )    $ (21,089 )    $ (23,827 )    $ (23,091 ) 

Add fixed charges

      2,144        2,104        2,596        834        697   

Add amortization of capitalized interest

      —          —          —          —          —     

Add distributed income of equity investees

      —          —          —          —          —     

Subtract capitalized interest

      —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loss before fixed charges

    $ (26,402 )    $ (27,147 )    $ (18,493 )    $ (22,993 )    $ (22,394 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expense

    $ 1,532      $ 1,328      $ 1,948      $ 280      $ 151   

Amortization of debt expense and loss from extinguishment of debt

      352        503        254        55        —     

Estimate of interest expense within rental expense

      260        273        394        499        546   

Preference security dividend requirements of consolidated subsidiaries

      —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 2,144      $ 2,104      $ 2,596      $ 834      $ 697   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Deficiency of earnings available to cover fixed charges

    $ (28,546 )    $ (29,251 )    $ (21,089 )    $ (23,827 )    $ (23,091 )