EX-12.1 2 exhibit12120140930.htm EXHIBIT 12.1 Exhibit 12.1 2014.09.30


 
 
 
 
EXHIBIT 12.1
 
 
 
 
 
Omeros Corporation
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges
 
 
 
 
 
 
 
 
 
For the
 
 
 
nine months
 
 
 
ended
 
 
 
September 30,
 
 
Year Ended December 31,
 
2014
 
2013
2012
2011
2010
2009
 
(in thousands)
 
(in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
Loss from continuing operations before income taxes
$
(52,960
)
 
$
(39,796
)
$
(38,444
)
$
(28,546
)
$
(29,251
)
$
(21,089
)
Add fixed charges
5,072

 
5,621

2,305

2,144

2,104

2,596

Add amortization of capitalized interest
—

 
—

—

—

—

—

Add distributed income of equity investees
—

 
—

—

—

—

—

Subtract capitalized interest
—

 
—

—

—

—

—

Loss before fixed charges
$
(47,888
)
 
$
(34,175
)
$
(36,139
)
$
(26,402
)
$
(27,147
)
$
(18,493
)
Fixed Charges:
 
 
 
 
 
 
 
Interest expense
$
2,002

 
$
1,865

$
1,355

$
1,532

$
1,328

$
1,948

Amortization of debt expense and loss from extinguishment of debt
553

 
502

374

352

503

254

Estimate of interest expense within rental expense
2,517

 
3,254

576

260

273

394

Preference security dividend requirements of consolidated subsidiaries
—

 
—

—

—

—

—

Total fixed charges
$
5,072

 
$
5,621

$
2,305

$
2,144

$
2,104

$
2,596

Deficiency of earnings available to cover fixed charges
$
(52,960
)
 
$
(39,796
)
$
(38,444
)
$
(28,546
)
$
(29,251
)
$
(21,089
)