Inventiv Health 10K 2015 Annual report | VTIV Filing

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Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
(in thousands)		2015			2014			2013			2012			2011
Pre-tax income (loss) from continuing operations before adjustment for income or loss	$	(143,731	)	$	(177,731	)	$	(213,249	)	$	(567,322	)	$	(139,272	)
from equity investments
Add: Fixed charges		243,862			244,077			225,551			222,058			134,026
Less: Non-controlling interest in pre-tax income		(891	)		(830	)		(1,156	)		(1,358	)		(1,269	)
Total earnings	$	99,240		$	65,516		$	11,146		$	(346,622	)	$	(6,515	)
Fixed charges:
Interest expense	$	228,287		$	217,473		$	209,350		$	185,871		$	123,545
Write-off of deferred financing costs		—			10,062			818			18,580			2,684
Estimated interest portion within rental expense		15,575			16,542			15,383			17,607			7,797
Total fixed charges	$	243,862		$	244,077		$	225,551		$	222,058		$	134,026
Ration of earnings to fixed charges⁽¹⁾		—			—			—			—			—

(1)	Earnings were insufficient to cover fixed charges by $144.6 million, $178.6 million, $214.4 million, $568.7 million and $140.5 million, respectively, for the years ended December 31, 2015, 2014, 2013, 2012 and 2011.

Inventiv Health (VTIV) Inactive 10-K2015 FY Annual report

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