EXHIBIT 12.1
JAZZ PHARMACEUTICALS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)
Three Months Ended March 31, 2008 |
Year Ended December 31, | Period from March 20, 2003 (Inception) to December 31, 2003 | ||||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | |||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Loss before income taxes | (46,710 | ) | (138,826 | ) | (59,391 | ) | (85,156 | ) | (24,804 | ) | (2,528 | ) | ||||||||||||
Plus: fixed charges (see below) | 4,082 | 14,150 | 14,458 | 7,361 | 109 | 34 | ||||||||||||||||||
Less: capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Total loss to cover fixed charges | (42,628 | ) | (124,676 | ) | (44,933 | ) | (77,795 | ) | (24,695 | ) | (2,494 | ) | ||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense | 3,616 | 12,151 | 12,000 | 6,200 | — | — | ||||||||||||||||||
Amortization of capitalized expenses and accretion of debt discount related to indebtedness | 171 | 1,496 | 2,129 | 929 | — | — | ||||||||||||||||||
Estimated interest portion of rental expense | 295 | 503 | 329 | 232 | 109 | 34 | ||||||||||||||||||
Total Fixed Charges (1) | 4,082 | 14,150 | 14,458 | 7,361 | 109 | 34 | ||||||||||||||||||
DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES | $ | (46,710 | ) | $ | (138,826 | ) | $ | (59,391 | ) | $ | (85,156 | ) | $ | (24,804 | ) | $ | (2,528 | ) | ||||||
(1) | For purposes of computing the ratio of earnings to fixed charges, fixed charges consist of interest expense on long and short-term debt, amortization of deferred financing costs, accretion of a debt discount, interest imputed related to a government settlement obligation and a portion of rental expense deemed to be representative of interest. |