Exhibit 12.1
DIGIRAD CORPORATION
Statement of Computation of Ratios
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Years Ended December 31, |
| (Dollars in Thousands) | | 9 Months Ended September 30, 2014 | | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Earnings: | | | | | | | | | | | | |
| Consolidated Pretax Income (loss) from Continuing Operations | | $ | 1,720 |
| | $ | 219 |
| | $ | (5,001 | ) | | $ | (3,260 | ) | | $ | (6,110 | ) | | $ | 676 |
|
| Fixed Charges (per below) | | 220 |
| | 274 |
| | 265 |
| | 280 |
| | 281 |
| | 275 |
|
| Distributed Income of Equity Investees | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Interest Capitalized | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Earnings | | $ | 1,940 |
| | $ | 493 |
| | $ | (4,736 | ) | | $ | (2,980 | ) | | $ | (5,829 | ) | | $ | 951 |
|
| | | | | | | | | | | | | |
| Fixed charges and preferred stock dividends: | | | | | | | | | | | | |
| Interest and Other Financial Charges | | $ | 26 |
| | $ | 15 |
| | $ | 4 |
| | $ | 17 |
| | $ | 6 |
| | $ | 9 |
|
| Interest Portion of Rental Expense | | 194 |
| | 259 |
| | 261 |
| | 263 |
| | 275 |
| | 266 |
|
| Total Fixed Charges | | 220 |
| | 274 |
| | 265 |
| | 280 |
| | 281 |
| | 275 |
|
| Preferred Stock Dividends | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Total Fixed Charges and Preferred Stock Dividends | | $ | 220 |
| | $ | 274 |
| | $ | 265 |
| | $ | 280 |
| | $ | 281 |
| | $ | 275 |
|
| | | | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges | | 8.8 |
| | 1.8 |
| | — |
| | — |
| | — |
| | 3.5 |
|
| Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | | 8.8 |
| | 1.8 |
| | — |
| | — |
| | — |
| | 3.5 |
|
We reported a net loss for the years ended December 31, 2010, 2011, 2012 and would have needed to generate additional income of $6,110,000, $3,260,000, and $5,001,000, respectively, to cover our fixed charges of $281,000, $280,000, and $265,000, respectively.
For purposes of computing the ratio of earnings to fixed charges, earnings consist of consolidated income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest expense and an estimate of the interest within rental expense.
For purposes of computing the ratio of earnings to combined fixed charges and preferred stock dividends, earnings consist of consolidated income (loss) from continuing operations before income taxes plus fixed charges. Combined fixed charges and preferred stock dividends consist of interest expense, an estimate of interest within rental expense and preferred stock dividends.
