Exhibit 12.1
ZELTIQ Aesthetics, Inc.
Ratio of Earnings to Fixed Charges
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(In thousands)
| Year Ended December 31, | |||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
| Earnings (loss), calculated as follows: | |||||||||||||||||||
| Income (loss) from continuing operations before income taxes | $ | (19,165 | ) | $ | (30,002 | ) | $ | (9,555 | ) | $ | (13,533 | ) | $ | (17,644 | ) | ||||
| Add: Fixed charges | 450 | 396 | 410 | 720 | 735 | ||||||||||||||
| Total adjusted earnings | (18,715 | ) | (29,606 | ) | (9,145 | ) | (12,813 | ) | (16,909 | ) | |||||||||
| Fixed Charges, calculated as follows: | |||||||||||||||||||
| Interest expensed | $ | — | $ | 2 | $ | 72 | $ | 449 | $ | 467 | |||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | 49 | 49 | 39 | ||||||||||||||
| Estimate of interest within rental expense (1) | 450 | 394 | 289 | 222 | 229 | ||||||||||||||
| Total fixed charges | $ | 450 | $ | 396 | $ | 410 | $ | 720 | $ | 735 | |||||||||
| Deficiency of Earnings to Cover Fixed Charges | $ | 19,165 | $ | 30,002 | $ | 9,555 | $ | 13,533 | $ | 17,644 | |||||||||
(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.