| EXHIBIT 12.1 | |||||||||||||||||||||||
| Omeros Corporation | |||||||||||||||||||||||
| Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges | |||||||||||||||||||||||
| For the | |||||||||||||||||||||||
| six months | |||||||||||||||||||||||
| ended | |||||||||||||||||||||||
| June 30, | Year Ended December 31, | ||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
| (in thousands) | (in thousands) | ||||||||||||||||||||||
| Earnings before fixed charges: | |||||||||||||||||||||||
| Loss from continuing operations before income taxes | $ | (33,151 | ) | $ | (75,096 | ) | $ | (73,673 | ) | $ | (39,796 | ) | $ | (38,444 | ) | $ | (28,546 | ) | |||||
| Add fixed charges | 4,771 | 8,295 | 6,824 | 5,621 | 2,305 | 2,144 | |||||||||||||||||
| Add amortization of capitalized interest | — | — | — | — | — | — | |||||||||||||||||
| Add distributed income of equity investees | — | — | — | — | — | — | |||||||||||||||||
| Subtract capitalized interest | — | — | — | — | — | — | |||||||||||||||||
| Loss before fixed charges | $ | (28,380 | ) | $ | (66,801 | ) | $ | (66,849 | ) | $ | (34,175 | ) | $ | (36,139 | ) | $ | (26,402 | ) | |||||
| Fixed Charges: | |||||||||||||||||||||||
| Interest expense | $ | 2,548 | $ | 2,709 | $ | 2,710 | $ | 1,865 | $ | 1,355 | $ | 1,532 | |||||||||||
| Amortization of debt expense and loss from extinguishment of debt | 683 | 2,177 | 759 | 502 | 374 | 352 | |||||||||||||||||
| Estimate of interest expense within rental expense | 1,540 | 3,409 | 3,355 | 3,254 | 576 | 260 | |||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | |||||||||||||||||
| Total fixed charges | $ | 4,771 | $ | 8,295 | $ | 6,824 | $ | 5,621 | $ | 2,305 | $ | 2,144 | |||||||||||
| Deficiency of earnings available to cover fixed charges | $ | (20,539 | ) | $ | (75,096 | ) | $ | (73,673 | ) | $ | (39,796 | ) | $ | (38,444 | ) | $ | (28,546 | ) | |||||
Omeros (OMER)
Filed: 9 Aug 16, 12:00am