Exhibit 12.1
NewLink Genetics Corporation
Computation of Ratio of Earnings to Fixed Charges
For the Years Ended December 31, 2010, 2011, 2012, 2013, 2014 and the Three Months Ended March 31, 2015 (in Thousands)
|
| | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, | Three Months Ended March 31, 2015 |
| | 2010 | 2011 | 2012 | 2013 | 2014 |
| Earnings: | | | | | | |
| Pretax (Loss) Income from Continuing Operations; Total earnings | $ | (16,562 | ) | $ | (18,088 | ) | $ | (23,321 | ) | $ | (31,050 | ) | $ | 117,633 |
| $ | 12,859 |
|
| Noncontrolling interest in pre-tax income of subsidiary | 284 |
| 1 |
| — |
| — |
| — |
| — |
|
| Total earnings | (16,278 | ) | (18,087 | ) | (23,321 | ) | (31,050 | ) | 117,633 |
| 12,859 |
|
| | | | | | | |
| Fixed Charges: | | | | | | |
| Interest expensed, including amortized discounts and premiums | 47 |
| 42 |
| 38 |
| 33 |
| 26 |
| 6 |
|
| Interest expense within rental expense | 200 |
| 200 |
| 236 |
| 255 |
| 402 |
| 123 |
|
| Total Fixed Charges | 247 |
| 242 |
| 274 |
| 288 |
| 428 |
| 129 |
|
| Ratio of Earnings to Fixed Charges | N/A |
| N/A |
| N/A |
| N/A |
| 276x |
| 101x |
|
| Deficiency of Earnings Available to Cover Fixed Charges | $ | (16,031 | ) | $ | (17,845 | ) | $ | (23,047 | ) | $ | (30,762 | ) | $ | — |
| $ | — |
|
| | | | | | | |
| | | | | | | |
