Exhibit 12.1
Fluidigm Corporation
Ratio of earnings to fixed charges
Fiscal Years 2013 through 2017
Years Ended | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2014 | December 31, 2015 | December 31, 2016 | December 31, 2017 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net loss attributed to common stockholders before income taxes | $ | (16,389 | ) | $ | (57,705 | ) | $ | (54,790 | ) | $ | (80,177 | ) | $ | (63,799 | ) | |||||||||
Add: Combined fixed charges and preference dividends | 1,169 | 7,081 | 8,353 | 8,971 | 8,251 | |||||||||||||||||||
Less: Capitalized interest | — | — | — | — | — | |||||||||||||||||||
Total earnings for computation of ratio | (15,220 | ) | (50,624 | ) | (46,437 | ) | (71,206 | ) | (55,548 | ) | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense including capitalized interest | 14 | 5,344 | 5,808 | 5,820 | 5,824 | |||||||||||||||||||
Estimated interest component of rent | 1,155 | 1,737 | 2,545 | 3,151 | 2,427 | |||||||||||||||||||
Total fixed charges | 1,169 | 7,081 | 8,353 | 8,971 | 8,251 | |||||||||||||||||||
Combined fixed charges and preference dividends: | ||||||||||||||||||||||||
Interest expense including capitalized interest | 14 | 5,344 | 5,808 | 5,820 | 5,824 | |||||||||||||||||||
Estimated interest component of rent | 1,155 | 1,737 | 2,545 | 3,151 | 2,427 | |||||||||||||||||||
Deemed dividend | — | — | — | — | — | |||||||||||||||||||
Total combined fixed charges and preference dividends | $ | 1,169 | $ | 7,081 | $ | 8,353 | $ | 8,971 | $ | 8,251 | ||||||||||||||
Ratio of earnings to fixed charges (1) | — | — | — | — | — | |||||||||||||||||||
Ratio of earnings to combined fixed charges and preference dividends (1) | — | — | — | — | — |
(1) Earnings for the years ended December 31, 2013, 2014, 2015, 2016 and 2017 were insufficient to cover fixed charges by $16.4 million, $57.7 million, $54.8 million, $80.2 million and $63.8 million, respectively.
For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of net loss before benefit from income taxes. Fixed charges consist of interest expense and an estimate of the interest portion of rental expense. In addition, for the periods presented above, we did not have outstanding preferred securities and therefore were not required to pay any preferred security dividends.