EX-12.1 7 mtsn20131010s3-ex121.htm EXHIBIT 12.1 MTSN 2013.10.10 S3-EX12.1


EXHIBIT 12.1
Mattson Technology, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
 
For the Years Ended December 31,
 
Six Months Ended
 June 30, 2013
 
 
2008
 
2009
 
2010
 
2011
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of change in accounting principle
 
$
(89,852
)
 
$
(75,108
)
 
$
(33,071
)
 
$
(16,280
)
 
$
(18,835
)
 
$
(13,009
)
Add:
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges (1):
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
 
144

 
110

 
139

 
10

 
10

 
149

Interest on rental expense
 
1,288

 
1,090

 
1,084

 
1,376

 
1,218

 
550

Total fixed charges
 
$
1,432

 
$
1,200

 
$
1,223

 
$
1,386

 
$
1,228

 
$
699

 
 
 
 
 
 
 
 
 
 
 
 
 
Total earnings (loss) for computation ratio
 
$
(88,420
)
 
$
(73,908
)
 
$
(31,848
)
 
$
(14,894
)
 
$
(17,607
)
 
$
(12,310
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges (2)
 
—

 
—

 
—

 
—

 
—

 
—

__________________
(1)
Fixed charges include interest expense plus the portion of interest expense under operating leases deemed by us to be representative of the interest factor.
(2)
Due to our losses in the years ended December 31, 2008, December 31, 2009, 2010, 2011 and 2012 and the six months ended June 30, 2013, the ratio coverage was less than 1:1. Additional earnings of $89.9 million, $75.1 million, $33.1 million, 16.3 million, $18.8 million, $13.0 million for the years ended December 31, 2008, 2009, 2010, 2011 and 2012 and the six months ended June 30, 2013, respectively, would have been required to achieve a ratio of 1:1.