Exhibit 12.1
Endologix, Inc. | |||||||||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
EARNINGS: | |||||||||||||||||||||||||
Loss before income taxes | $ | (154,179 | ) | $ | (59,761 | ) | $ | (32,480 | ) | $ | (16,078 | ) | $ | (35,243 | ) | $ | (28,816 | ) | |||||||
Plus: Fixed charges (see below) | $ | 16,954 | $ | 8,229 | $ | 6,617 | $ | 521 | $ | 203 | $ | 305 | |||||||||||||
Total earnings/(loss) to cover fixed charges | $ | (137,225 | ) | $ | (51,532 | ) | $ | (25,863 | ) | $ | (15,557 | ) | $ | (35,040 | ) | $ | (28,511 | ) | |||||||
FIXED CHARGES: | |||||||||||||||||||||||||
Interest expense | $ | 15,841 | $ | 7,476 | $ | 5,709 | $ | 321 | $ | 7 | $ | 32 | |||||||||||||
Interest portion of rental expense (1) | $ | 1,113 | $ | 753 | $ | 908 | $ | 200 | $ | 196 | $ | 273 | |||||||||||||
Total Fixed charges | $ | 16,954 | $ | 8,229 | $ | 6,617 | $ | 521 | $ | 203 | $ | 305 | |||||||||||||
Preferred stock dividends | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Combined fixed charges and preferred stock dividends | $ | 16,954 | $ | 8,229 | $ | 6,617 | $ | 521 | $ | 203 | $ | 305 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | -- | -- | -- | -- | -- | -- | |||||||||||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | -- | -- | -- | -- | -- | -- | |||||||||||||||||||
DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES | $ | (154,179 | ) | $ | (59,761 | ) | $ | (32,480 | ) | $ | (16,078 | ) | $ | (35,243 | ) | $ | (28,816 | ) | |||||||
DEFICIENCY OF EARNINGS TO COVER COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | $ | (154,179 | ) | $ | (59,761 | ) | $ | (32,480 | ) | $ | (16,078 | ) | $ | (35,243 | ) | $ | (28,816 | ) | |||||||
(1 | ) | Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs. |