| NantKwest, Inc. | Exhibit 12.1 |
Ratio of Earnings to Fixed Charges and Preference Dividends
(thousands)
| Years Ended | Six Months Ended | |||||||||||||||
| 2013 | 2014 | 2015 | June 30, 2016 | |||||||||||||
Loss before taxes | $ | (2,046 | ) | $ | (6,184 | ) | $ | (237,177 | ) | $ | (65,045 | ) | ||||
Add: | ||||||||||||||||
Fixed charges | 484 | 544 | 492 | 461 | ||||||||||||
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Total earnings (loss) | $ | (1,562 | ) | $ | (5,640 | ) | $ | (236,685 | ) | $ | (64,584 | ) | ||||
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Fixed charges calculations: | ||||||||||||||||
Interest expensed and capitalized | $ | 463 | $ | 471 | $ | — | $ | — | ||||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness | — | — | — | — | ||||||||||||
Interest factor in rents (1) | 21 | 73 | 492 | 461 | ||||||||||||
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Total fixed charges | $ | 484 | $ | 544 | $ | 492 | $ | 461 | ||||||||
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Ratio of earnings (loss) to fixed charges | $ | — | $ | — | $ | — | $ | — | ||||||||
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Deficiency of earnings available to cover fixed charges | $ | (2,046 | ) | $ | (6,184 | ) | $ | (237,177 | ) | $ | (65,045 | ) | ||||
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| (1) | Consist of one-third rental expense, which we believe to be a reasonable estimate of an interest factor in our leases. |
