Attached files

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EX-31.2 - Emergent BioSolutions Inc.exhibit31-2.htm
EX-21 - Emergent BioSolutions Inc.exhibit21.htm
EX-32.1 - Emergent BioSolutions Inc.exhibit32-1.htm
EX-31.1 - Emergent BioSolutions Inc.exhibit31-1.htm
EX-32.2 - Emergent BioSolutions Inc.exhibit32-2.htm
EX-23.1 - Emergent BioSolutions Inc.exhibit23.htm
10-K - Emergent BioSolutions Inc.form10-k.htm
EXHIBIT 12
 
   
Ratio of Earnings to Fixed Charges
             
 
 
Year Ended December 31,
             
(in thousands)
 
2014
   
2013
   
2012
   
2011
   
2010
 
 
                   
Pretax income from continuing operations (1)
 
$
53,062
   
$
44,243
   
$
37,446
   
$
38,849
   
$
77,880
 
                                         
Fixed charges
                                       
    Interest expense
   
7,480
     
1,973
     
2,177
     
1,719
     
1,778
 
    Debt issuance cost
   
3,274
     
319
     
67
     
135
     
113
 
Total fixed charges (2)
   
10,754
     
2,292
     
2,244
     
1,854
     
1,891
 
                                         
Noncontrolling interest in pretax income (3)
   
-
     
876
     
5,381
     
6,906
     
4,514
 
Capitalized interest (4)
   
2,530
     
1,973
     
2,177
     
1,713
     
1,796
 
                                         
Earnings ((1) + (2) -(3) -(4))
   
61,286
     
43,686
     
32,132
     
32,084
     
73,461
 
Fixed charges
   
10,754
     
2,292
     
2,244
     
1,854
     
1,891
 
                                         
Ratio of earnings to fixed charges
   
5.7
     
19.1
     
14.3
     
17.3
     
38.8