Attached files

file filename
EX-10.33 - EX-10.33 - ARDELYX, INC.d338826dex1033.htm
EX-32.1 - EX-32.1 - ARDELYX, INC.d338826dex321.htm
EX-31.2 - EX-31.2 - ARDELYX, INC.d338826dex312.htm
EX-31.1 - EX-31.1 - ARDELYX, INC.d338826dex311.htm
EX-23.1 - EX-23.1 - ARDELYX, INC.d338826dex231.htm
EX-10.32 - EX-10.32 - ARDELYX, INC.d338826dex1032.htm
EX-10.31 - EX-10.31 - ARDELYX, INC.d338826dex1031.htm
EX-10.30 - EX-10.30 - ARDELYX, INC.d338826dex1030.htm
EX-10.29 - EX-10.29 - ARDELYX, INC.d338826dex1029.htm
10-K - FORM 10-K - ARDELYX, INC.d338826d10k.htm

Exhibit 12.1

STATEMENT REGARDING THE COMPUTATION OF RATIOS

The following table sets forth our ratio of earnings to fixed charges for each of the periods indicated (in thousands):

 

     Year Ended
December 31,
 
     2016     2015     2014     2013     2012  

EARNINGS:

          

Loss before income taxes

   $ (112,387   $ (29,650   $ (3,147   $ (6,423   $ (9,785

Add back: Fixed Charges

     367        300        187        259        309   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

   $ (112,020   $ (29,350   $ (2,960   $ (6,164   $ (9,476

COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS:

          

Interest expense

   $ —        $ —        $ —        $ —        $ —     

Estimated interest component of rent

     367        300        187        259        309   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total combined fixed charges and preference dividends

   $ 367      $ 300      $ 187      $ 259      $ 309   

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS

     N/A        N/A        N/A        N/A        N/A   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before income taxes plus fixed charges. Fixed charges consist of interest expense and that portion of rental expense deemed representative of interest. Earnings were insufficient to cover combined fixed charges and preference dividends by $112,387, $29,650, $3,147, $6,423 and $9,785 for the years ended December 31, 2016, 2015, 2014, 2013 and 2012 respectively.

For the periods indicated above, we had no outstanding shares of preferred stock with required dividend payments.