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Exhibit 12.1
EXELIXIS, INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Our earnings were insufficient to cover fixed charges for the periods presented. The following table sets forth our our deficiency of earnings to cover fixed charges.
Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 25,042 | $ | 48,673 | $ | 48,607 | $ | 45,347 | $ | 27,088 | |||||||||
Interest portion of rental expense | 323 | 755 | 886 | 935 | 2,948 | ||||||||||||||
Total fixed charges | $ | 25,365 | $ | 49,428 | $ | 49,493 | $ | 46,282 | $ | 30,036 | |||||||||
Earnings: | |||||||||||||||||||
Net loss before income taxes | $ | (98,362 | ) | $ | (169,682 | ) | $ | (268,724 | ) | $ | (244,856 | ) | $ | (147,538 | ) | ||||
Fixed charges per above | 25,365 | 49,428 | 49,493 | 46,282 | 30,036 | ||||||||||||||
Earnings | $ | (72,997 | ) | $ | (48,178 | ) | $ | (219,049 | ) | $ | (198,574 | ) | $ | (117,502 | ) | ||||
Deficiency of earnings available to cover fixed charges | $ | (98,362 | ) | $ | (97,606 | ) | $ | (268,724 | ) | $ | (244,856 | ) | $ | (147,538 | ) |