Ophthotech Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
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| Six Months |
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| Ended |
| Year Ended December 31, |
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| June 30, 2018 |
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| 2016 |
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| 2013 |
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Determination of earnings |
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Income (loss) before income taxes |
| $ | (27,120 | ) | $ | 109,493 |
| $ | (193,826 | ) | $ | (122,504 | ) | $ | (80,296 | ) | $ | (51,145 | ) |
Fixed Charges |
| 152 |
| 1,207 |
| 1,010 |
| 694 |
| 322 |
| 7,675 |
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Total income (loss) |
| $ | (26,968 | ) | $ | 110,700 |
| $ | (192,816 | ) | $ | (121,810 | ) | $ | (79,974 | ) | $ | (43,470 | ) |
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Fixed charges: |
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Interest expense |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 1,454 |
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Accretion of preferred stock dividends |
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| 5,891 |
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Accretion of debt issuance costs |
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| 88 |
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Amortization of debt issuance costs |
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| 87 |
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Estimated interest component of rent expense |
| 152 |
| 1,207 |
| 1,010 |
| 694 |
| 322 |
| 155 |
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Total fixed charges |
| $ | 152 |
| $ | 1,207 |
| $ | 1,010 |
| $ | 694 |
| $ | 322 |
| $ | 7,675 |
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Ratio of earnings to fixed charges |
| N/A |
| 91.7 |
| N/A |
| N/A |
| N/A |
| N/A |
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(Deficiency) excess of earnings to cover fixed charges |
| $ | (27,120 | ) | $ | 109,493 |
| $ | (193,826 | ) | $ | (122,504 | ) | $ | (80,296 | ) | $ | (51,145 | ) |