Exhibit 12.1
Elan Corporation, plc
Consolidated Fixed Charges Ratios
October 2016 Debt Registration
(in $mlns)
Consolidated Fixed Charges Ratios
October 2016 Debt Registration
(in $mlns)
| Year Ended December 31, | Quarter to March 31, | |||||||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2011 | 2010 | ||||||||||||||||||||||
| Net income (loss) from continuing operations | (324.7 | ) | (176.2 | ) | (71.0 | ) | (405.0 | ) | (267.3 | ) | 68.2 | (6.8 | ) | |||||||||||||||
| Minority interests | — | — | — | — | — | — | — | |||||||||||||||||||||
| Loss from equity investees | 26.0 | — | — | — | — | 12.5 | 4.8 | |||||||||||||||||||||
| Income tax provision (benefit) | 2.1 | 46.4 | (226.3 | ) | 6.9 | (9.0 | ) | 4.9 | 12.0 | |||||||||||||||||||
| Pre-tax income (loss) before minority interest and loss from equity investees | (296.6 | ) | (129.8 | ) | (297.3 | ) | (398.1 | ) | (276.3 | ) | 85.6 | 10.0 | ||||||||||||||||
Plus: | ||||||||||||||||||||||||||||
| Fixed charges | 124.6 | 138.0 | 146.6 | 159.2 | 169.0 | 30.2 | 30.6 | |||||||||||||||||||||
| Amortization of capitalized interest | — | — | — | — | 0.1 | — | — | |||||||||||||||||||||
| Distributed income of equity investees | — | — | — | — | — | — | — | |||||||||||||||||||||
| Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | — | |||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
| Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | — | |||||||||||||||||||||
| Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | — | — | |||||||||||||||||||||
| Earnings | (172.0 | ) | 8.2 | (150.7 | ) | (238.9 | ) | (107.2 | ) | 115.8 | 40.6 | |||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
| Interest expensed | 116.5 | 130.4 | 139.8 | 151.7 | 159.7 | 28.2 | 28.7 | |||||||||||||||||||||
| Interest capitalized | — | — | — | — | — | — | — | |||||||||||||||||||||
Plus: | ||||||||||||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness | 5.4 | 5.5 | 5.1 | 4.8 | 6.9 | 1.4 | 1.3 | |||||||||||||||||||||
| Estimate of interest within rental expense | 2.7 | 2.1 | 1.7 | 2.7 | 2.4 | 0.6 | 0.6 | |||||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | — | |||||||||||||||||||||
| Fixed Charges | 124.6 | 138.0 | 146.6 | 159.2 | 169.0 | 30.2 | 30.6 | |||||||||||||||||||||
| Ratio of Earnings to Fixed Charges | — | — | — | — | — | 3.83 | 1.33 | |||||||||||||||||||||
| Additional pre-tax income before minority interest and income from equity investees necessary to generate a ratio of Earnings to Fixed Charges of 1.0 | 296.6 | 129.8 | 297.3 | 398.1 | 276.2 | — | — | |||||||||||||||||||||