EX-12.1 8 a2236331zex-12_1.htm EX-12.1

Exhibit 12.1

 

Ophthotech Corporation

 

Computation of Ratio of Earnings to Fixed Charges

 

(in thousands)

 

 

 

Six Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Year Ended December 31,

 

 

 

June 30, 2018

 

2017

 

2016

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Determination of earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

$

(27,120

)

$

109,493

 

$

(193,826

)

$

(122,504

)

$

(80,296

)

$

(51,145

)

Fixed Charges

 

152

 

1,207

 

1,010

 

694

 

322

 

7,675

 

Total income (loss)

 

$

(26,968

)

$

110,700

 

$

(192,816

)

$

(121,810

)

$

(79,974

)

$

(43,470

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

1,454

 

Accretion of preferred stock dividends

 

—

 

—

 

—

 

—

 

—

 

5,891

 

Accretion of debt issuance costs

 

—

 

—

 

—

 

—

 

—

 

88

 

Amortization of debt issuance costs

 

—

 

—

 

—

 

—

 

—

 

87

 

Estimated interest component of rent expense

 

152

 

1,207

 

1,010

 

694

 

322

 

155

 

Total fixed charges

 

$

152

 

$

1,207

 

$

1,010

 

$

694

 

$

322

 

$

7,675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

N/A

 

91.7

 

N/A

 

N/A

 

N/A

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Deficiency) excess of earnings to cover fixed charges

 

$

(27,120

)

$

109,493

 

$

(193,826

)

$

(122,504

)

$

(80,296

)

$

(51,145

)