Exhibit 12.1
ANGIOTECH
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | Three Months Ended March 31, 2009 | |||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income (loss) from continuing operations | $ | 46,796 | $ | 36,459 | $ | 20,115 | $ | (70,592 | ) | $ | (754,068 | ) | $ | 18,168 | ||||||
Total Earnings: | $ | 46,796 | $ | 36,459 | $ | 20,115 | $ | (70,592 | ) | $ | (754,068 | ) | $ | 18,168 | ||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense and amortization of capitalized expenses related to indebtedness | $ | — | $ | — | $ | 35,502 | $ | 51,748 | $ | 44,490 | $ | 10,044 | ||||||||
Interest within rent expense | $ | 404 | $ | 445 | $ | 700 | $ | 800 | $ | 1,167 | $ | 273 | ||||||||
Total Fixed Charges | $ | 404 | $ | 445 | $ | 36,202 | $ | 52,548 | $ | 45,657 | $ | 10,317 | ||||||||
Pre-tax income (loss) from continuing operations plus fixed charges | $ | 47,200 | $ | 36,904 | $ | 56,317 | $ | (18,044 | ) | $ | (708,411 | ) | $ | 28,485 | ||||||
Ratio of Earnings to Fixed Charges | 116.8 | 82.9 | 1.6 | (0.3 | ) | (15.5 | ) | 2.8 | ||||||||||||
Dollar amount of deficiency | n/a | n/a | n/a | $ | 70,592 | $ | 754,068 | n/a |