ZELTIQ Aesthetics (ZLTQ) 10-K 2016 FY Annual 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)

	Year Ended December 31,
	2016		2015		2014		2013			2012				2011				2010
Earnings (loss), calculated as follows:
Income (loss) from continuing operations before income taxes	$	14,778	$	3,332	$	1,762	$	(19,165	)	$	(30,002	)		$	(9,555	)		$	(13,533	)
Add: Fixed charges	999		828		501		450			396				410				720
Total earnings (loss), as defined	15,777		4,160		2,263		$	(18,715	)	(29,606		)		(9,145		)		(12,813		)
Fixed Charges, calculated as follows:
Interest expensed	$	8	$	14	$	—	$	—		$	2			$	72			$	449
Amortized premiums, discounts and capitalized expenses related to indebtedness	—		—		—		—			—				49				49
Estimate of interest within rental expense (1)	991		814		501		450			394				289				222
Total fixed charges	$	999	$	828	$	501	$	450		$	396			$	410			$	720
Earnings (deficiency of earnings), as defined, to cover fixed charges	$	15,777	$	4,160	$	2,263	$	(19,165	)	$	(30,002	)		$	(9,555	)		$	(13,533	)
Ratio of earnings to fixed charges (2)	15.79		5.02		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 2009 through 2013, the ratio information is not applicable.