EX-12.1 3 omer-ex121_20171231.htm EXHIBIT 12.1 Exhibit


 
EXHIBIT 12.1
 
 
 
 
 
Omeros Corporation
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges
 
 
 
 
 
 
 
 
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(In thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Loss from continuing operations before income taxes
$
(53,481
)
 
$
(66,745
)
 
$
(75,096
)
 
$
(73,673
)
 
$
(39,796
)
Add fixed charges
13,987

 
16,697

 
8,295

 
6,824

 
5,621

Add amortization of capitalized interest

 

 

 

 

Add distributed income of equity investees

 

 

 

 

Subtract capitalized interest

 

 

 

 

Loss before fixed charges
$
(39,494
)
 
$
(50,048
)
 
$
(66,801
)
 
$
(66,849
)
 
$
(34,175
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
10,013

 
$
6,359

 
$
2,709

 
$
2,710

 
$
1,865

Amortization of debt expense and loss from extinguishment of debt
804

 
7,055

 
2,177

 
759

 
502

Estimate of interest expense within rental expense
3,170

 
3,283

 
3,409

 
3,355

 
3,254

Preference security dividend requirements of consolidated subsidiaries

 

 

 

 

Total fixed charges
$
13,987

 
$
16,697

 
$
8,295

 
$
6,824

 
$
5,621

Deficiency of earnings available to cover fixed charges
$
(53,481
)
 
$
(66,745
)
 
$
(75,096
)
 
$
(73,673
)
 
$
(39,796
)