ZELTIQ Aesthetics (ZLTQ) 10-Q 2015 Q2 Quarterly report

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)

	Six Months Ended			Year Ended December 31,
	June 30, 2015			2014		2013			2012				2011				2010
Earnings (loss), calculated as follows:
Income (loss) from continuing operations before income taxes	$	(880	)	$	1,762	$	(19,165	)	$	(30,002	)		$	(9,555	)		$	(13,533	)
Add: Fixed charges	370			501		450			396				410				720
Total earnings (loss), as defined	(510		)	2,263		$	(18,715	)	(29,606		)		(9,145		)		(12,813		)
Fixed Charges, calculated as follows:
Interest expensed	$	7		$	—	$	—		$	2			$	72			$	449
Amortized premiums, discounts and capitalized expenses related to indebtedness	—			—		—			—				49				49
Estimate of interest within rental expense (1)	363			501		450			394				289				222
Total fixed charges	$	370		$	501	$	450		$	396			$	410			$	720
Earnings (deficiency of earnings), as defined, to cover fixed charges	$	(510	)	$	2,263	$	(18,715	)	$	(29,606	)		$	(9,145	)		$	(12,813	)
Ratio of earnings to fixed charges (2)	—			4.52		—			—			—	—			—	—

(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.

(2) Due to the registrant's losses in 2010 through 2013 and for the six months ended June 30, 2015, the ratio information is not applicable.