EXELIXIS, INC. - FORM 10-Q - EX-12.1 - STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES - April 30, 2015

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10-Q - 10-Q - EXELIXIS, INC.exel2015033110-q.htm
EX-31.2 - CERTIFICATION OF CFO REQUIRED BY RULE 13A-14(A) OR RULE 15D-14(A) - EXELIXIS, INC.exel20150331exhibit312.htm
EX-31.1 - CERTIFICATION OF CEO REQUIRED BY RULE 13A-14(A) OR RULE 15D-14(A) - EXELIXIS, INC.exel20150331exhibit311.htm
EXCEL - IDEA: XBRL DOCUMENT - EXELIXIS, INC.Financial_Report.xls
EX-32.1 - CERTIFICATION OF CEO AND CFO REQUIRED BY RULE 13A-14(B) OR RULE 15D-14(B) - EXELIXIS, INC.exel20150331exhibit321.htm



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 three months ended March 31, 2015, and the years ended December 31, 2014, 2013 and 2012. The following table sets forth our ratio of earnings to fixed charges for the year ended December 31, 2011 and our deficiency of earnings to cover fixed charges for the three months ended March 31, 2015 and the years ended December 31, 2014, 2013 and 2012.
 
Three Months Ended March 31,
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
12,403

 
$
48,607

 
$
45,347

 
$
27,088

 
$
16,259

Interest portion of rental expense
163

 
886

 
935

 
2,948

 
606

Total fixed charges
$
12,566

 
$
49,493

 
$
46,282

 
$
30,036

 
$
16,865

 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Net income (loss) before income taxes
$
(35,170
)
 
$
(268,542
)
 
$
(244,856
)
 
$
(147,538
)
 
$
76,992

Fixed charges per above
12,566

 
49,493

 
46,282

 
30,036

 
16,865

Earnings
$
(22,604
)
 
$
(219,049
)
 
$
(198,574
)
 
$
(117,502
)
 
$
93,857

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
 
 
 
 
 
 
 
5.57

Deficiency of earnings available to cover fixed charges
$
(35,170
)
 
$
(268,542
)
 
$
(244,856
)
 
$
(147,538
)
 





EXELIXIS, INC. Reports