EX-12.1 2 exhibit12120150331.htm EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 2015.03.31


 
 
 
 
 
EXHIBIT 12.1
 
 
 
 
 
Omeros Corporation
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges
 
 
 
 
 
 
 
 
 
For the
 
 
 
three
 
 
 
ended
 
 
 
March 31,
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
2010
 
(in thousands)
 
(in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations before income taxes
$
(18,669
)
 
$
(73,673
)
 
$
(39,796
)
 
$
(38,444
)
 
$
(28,546
)
 
$
(29,251
)
Add fixed charges
1,790

 
6,824

 
5,621

 
2,305

 
2,144

 
2,104

Add amortization of capitalized interest

 

 

 

 

 

Add distributed income of equity investees

 

 

 

 

 

Subtract capitalized interest

 

 

 

 

 

Loss before fixed charges
$
(16,879
)
 
$
(66,849
)
 
$
(34,175
)
 
$
(36,139
)
 
$
(26,402
)
 
$
(27,147
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
745

 
$
2,710

 
$
1,865

 
$
1,355

 
$
1,532

 
$
1,328

Amortization of debt expense and loss from extinguishment of debt
212

 
759

 
502

 
374

 
352

 
503

Estimate of interest expense within rental expense
833

 
3,355

 
3,254

 
576

 
260

 
273

Preference security dividend requirements of consolidated subsidiaries

 

 

 

 

 

Total fixed charges
$
1,790

 
$
6,824

 
$
5,621

 
$
2,305

 
$
2,144

 
$
2,104

Deficiency of earnings available to cover fixed charges
$
(18,669
)
 
$
(73,673
)
 
$
(39,796
)
 
$
(38,444
)
 
$
(28,546
)
 
$
(29,251
)