EX-12.1 26 b48790biexv12w1.txt EX-12.1 COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 BIOGEN IDEC INC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (1) (IN THOUSANDS, EXCEPT RATIOS)
Years Ended December 31, ------------------------------------ 2003 2002 2001 ---- ---- ---- Income (loss) before income tax provision (benefit) (880,624) 231,522 161,604 Fixed charges: Interest expense and amortization of original issue discount on all indebtedness 15,105 16,073 7,304 Interest included in rent expense 1,943 1,541 1,120 Total fixed charges 17,048 17,614 8,424 Income (loss) before income tax provision (benefit) and fixed charges (863,576) 249,136 170,028 Ratio of earnings to fixed charges -- 14.14 20.18
(1) The ratio of earnings to fixed charges was computed by dividing earnings (loss) before income taxes and fixed charges by fixed charges for the periods indicated. Fixed charges include (i) interest expense and amortization of original issue discount on all indebtedness and (ii) a reasonable approximation of the interest factor deemed to be included in rental expense.