Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency (in thousands).
| Nine Months Ended September 30, 2013 | Year Ended December 31, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||
Loss before provision (benefit) for income taxes | $ | (113,744 | ) | $ | (171,449 | ) | $ | (132,960 | ) | $ | (37,057 | ) | $ | (102,772 | ) | $ | (35,142 | ) | ||||||
Add: Fixed charges | 30,697 | 33,688 | 10,278 | 11,552 | 12,505 | 15,595 | ||||||||||||||||||
Less: Capitalized interest | (164 | ) | (142 | ) | (55 | ) | (378 | ) | (329 | ) | (403 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings (loss) | $ | (83,211 | ) | $ | (137,903 | ) | $ | (122,737 | ) | $ | (25,883 | ) | $ | (90,596 | ) | $ | (19,950 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Deficiency of earnings available to cover fixed charges | $ | (113,744 | ) | $ | (171,449 | ) | $ | (132,960 | ) | $ | (37,057 | ) | $ | (102,772 | ) | $ | (35,142 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense and capitalized interest | $ | 11,435 | $ | 12,282 | $ | 7,336 | $ | 7,392 | $ | 7,793 | $ | 10,191 | ||||||||||||
Non-cash interest expense on liability related to sale of future royalties | 16,644 | 18,057 | — | — | — | — | ||||||||||||||||||
Estimated interest portion of capital leases | 1,665 | 2,591 | 2,942 | 3,202 | 3,434 | 3,634 | ||||||||||||||||||
Amortization of deferred financing costs | 953 | 758 | — | 958 | 1,278 | 1,770 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Fixed charges | $ | 30,697 | $ | 33,688 | $ | 10,278 | $ | 11,552 | $ | 12,505 | $ | 15,595 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Preference dividends | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
1
