CERUS CORP - FORM 10-K - EX-12.1 - COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO - March 16, 2011

Attached files

file filename
10-K - FORM 10-K - CERUS CORPd10k.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER OF CERUS PURSUANT TO SECTION 302 - CERUS CORPdex311.htm
EX-21.1 - LIST OF REGISTRANT'S SUBSIDIARIES - CERUS CORPdex211.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER OF CERUS PURSUANT TO SECTION 302 - CERUS CORPdex312.htm
EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - CERUS CORPdex321.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CERUS CORPdex231.htm
EX-10.36 - LOAN AND SECURITY AGREEMENT - CERUS CORPdex1036.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO

OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(in thousands, except ratios)

The following table sets forth our ratio of earnings to fixed charges and our ratio of earnings to combined fixed charges and preferred stock dividends for the years ended December 31, 2006, 2007, 2008, 2009, and 2010. As the ratios of earnings to fixed charges and earnings to combined fixed charges and preferred stock dividends indicate less than one-to-one coverage for the years ended December 31, 2007, 2008, 2009, and 2010, we have provided the coverage deficiency amounts. Earnings are the sum of (i) loss from continuing operations before losses from equity affiliates, and (ii) amortization of capitalized interest, less (i) interest capitalized. Fixed charges are the sum of (i) interest expensed and capitalized, and (ii) amortization of capitalized expenses related to indebtedness.

 

     Year Ended December 31,  
     2006      2007     2008     2009     2010  

Income (loss) from continuing operations before income tax *

    $ 2,352       $ (39,100 )    $ (29,181 )    $ (24,135 )    $ (16,911 ) 

Plus: Amortization of capitalized interest

      372         287        255        179        1,538   

Less: Interest capitalized

      1         —          —          —          1,455   
                                         

Earnings, as adjusted

    $ 2,723       $ (38,813 )    $ (28,926 )    $ (23,956 )    $ (16,828 ) 
                                         

Fixed charges

      372         286        255        179        1,538   
                                         

Total fixed charges

    $ 372       $ 286      $ 255      $ 179      $ 1,538   
                                         

Preferred stock dividends

      —           —          —          —          —     

Ratio of earnings to fixed charges

      7.32         —          —          —          —     

Ratio of earnings to combined fixed charges and preferred stock dividends

      7.32         —          —          —          —     
                                         

Deficiency of earnings available to cover fixed charges

      —         $ (38,527 )    $ (28,671 )    $ (23,777 )    $ (15,290 ) 
                                         

Deficiency of earnings available to cover combined fixed charges and preferred stock dividends

      —         $ (38,527 )    $ (28,671 )    $ (23,777 )    $ (15,290 ) 
                                         

 

* Excluding losses from minority interest and income/loss from equity investees.

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