Exhibit 12.1
Intrexon Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Calculation of earnings (loss): | ||||||||||||||||||||||||
Pre-tax loss from continuing operations before adjustments for noncontrolling interests and losses from equity method investees | (44,858 | ) | (115,417 | ) | (173,031 | ) | (78,034 | ) | (80,459 | ) | (40,302 | ) | ||||||||||||
Add: Fixed charges (see below) | 1,185 | 4,296 | 3,723 | 4,112 | 3,501 | 2,030 | ||||||||||||||||||
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Total loss | (43,673 | ) | (111,121 | ) | (169,308 | ) | (73,922 | ) | (76,958 | ) | (38,272 | ) | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | (99 | ) | (611 | ) | (861 | ) | (1,244 | ) | (666 | ) | (141 | ) | ||||||||||||
Interest expense on portion of rent expense representative of interest | (1,086 | ) | (3,685 | ) | (2,862 | ) | (2,868 | ) | (2,835 | ) | (1,889 | ) | ||||||||||||
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Total fixed charges | (1,185 | ) | (4,296 | ) | (3,723 | ) | (4,112 | ) | (3,501 | ) | (2,030 | ) | ||||||||||||
Ratio of earnings(loss) to fixed charges(1) | — | — | — | — | — | — |
(1) | Earnings for the three months ended March 31, 2018, and for the years ended December 31, 2017, 2016, 2015, 2014, and 2013 were less than zero. As a result the coverage ratio was less than 1:1. The amounts of deficiencies, or the additional earnings we would need to generate to achieve a coverage ratio of 1:1, were approximately $44,858, $115,417, $173,031, $78,034, $80,459, and $40,302, respectively, for the three months ended March 31, 2018, and for the years ended December 31, 2017, 2016, 2015, 2014, and 2013. |