EX-12.1 2 d444093dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATION OF EARNINGS TO FIXED CHARGES

Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency for each of the years ended December 31, 2012, 2011, 2010, 2009 and 2008. We have not included a ratio of earnings to combined fixed charges and preferred stock dividends because we do not have earnings. We have derived the deficiency of earnings to cover fixed charges from our historical financial statements. The following should be read in conjunction with our consolidated financial statements, including the notes thereto, and the other financial information included or incorporated by reference herein.

 

    Fiscal Year Ended December 31,  
    2012     2011     2010     2009     2008  
(dollars in thousands)                              

Net loss

  $ (94,465   $ (109,388   $ (140,166   $ (87,703   $ (43,754
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Add back: Fixed charges

    471        518        367        146        183   

Total adjusted net loss

  $ (93,994   $ (108,870   $ (139,799   $ (87,557   $ (43,571
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

         

Interest expense

    275        287        194        30        92   

Interest portion of rental expense

    196        231        173        116        91   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

    471        518        367        146        183   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to fixed charges (1)

  $ (94,465   $ (109,388   $ (140,166   $ (87,703   $ (43,754
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Because of the deficiency of earnings available to cover fixed charges, the ratio information is not applicable.