EX-12.1 3 exel20131231exhibit121.htm STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES EXEL 2013.12.31 Exhibit 12.1


Exhibit 12.1

EXELIXIS, INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Our earnings were insufficient to cover fixed charges for the fiscal years ended December 31, 2013, 2012, 2010, and 2009. The following table sets forth our ratio of earnings to fixed charges for the fiscal year ended December 31, 2011 and our deficiency of earnings to cover fixed charges for the fiscal years ended December 31, 2013, 2012, 2010, and 2009.
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense (1)
$
45,347

 
$
27,088

 
$
16,259

 
$
9,340

 
$
12,672

Interest portion of rental expense
935

 
2,948

 
606

 
570

 
843

Total fixed charges
$
46,282

 
$
30,036

 
$
16,865

 
$
9,910

 
$
13,515

 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Net income (loss) before income taxes
$
(244,856
)
 
$
(147,538
)
 
$
76,992

 
$
(92,402
)
 
$
(140,843
)
Fixed charges per above
46,282

 
30,036

 
16,865

 
9,910

 
13,515

Earnings
$
(198,574
)
 
$
(117,502
)
 
$
93,857

 
$
(82,492
)
 
$
(127,328
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
 


 
5.57

 
 
 
 
Deficiency of earnings available to cover fixed charges
$
(244,856
)
 
$
(147,538
)
 


 
$
(92,402
)
 
$
(140,843
)