Attached files

file filename
EX-10.38 - EX-10.38 - TESARO, Inc.tsro-20171231ex10389b632.htm
EX-32.2 - EX-32.2 - TESARO, Inc.tsro-20171231ex322a6ff98.htm
EX-32.1 - EX-32.1 - TESARO, Inc.tsro-20171231ex32146ff48.htm
EX-31.2 - EX-31.2 - TESARO, Inc.tsro-20171231ex312f7b744.htm
EX-31.1 - EX-31.1 - TESARO, Inc.tsro-20171231ex311c6e6b1.htm
EX-23.1 - EX-23.1 - TESARO, Inc.tsro-20171231ex231725f7b.htm
EX-21.1 - EX-21.1 - TESARO, Inc.tsro-20171231ex211c8f50a.htm
EX-10.47 - EX-10.47 - TESARO, Inc.tsro-20171231ex10473785d.htm
EX-10.46 - EX-10.46 - TESARO, Inc.tsro-20171231ex10460adfc.htm
EX-10.4 - EX-10.4 - TESARO, Inc.tsro-20171231ex10446c072.htm
EX-10.37 - EX-10.37 - TESARO, Inc.tsro-20171231ex1037298bf.htm
EX-10.28 - EX-10.28 - TESARO, Inc.tsro-20171231ex1028d539a.htm
10-K - 10-K - TESARO, Inc.tsro-20171231x10k.htm

Exhibit 12.1

 

TESARO, Inc.

CALCULATION OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2013

 

2014

 

 

2015 (a)

 

2016 (a)

 

2017

Earnings:

 

(dollars in thousands)

Income (Loss) from Operations before Income Taxes

 

$

(92,362)

 

$

(171,012)

 

$

(247,749)

 

$

(372,749)

 

$

(494,802)

Add: Fixed Charges

 

 

129

 

 

4,081

 

 

15,832

 

 

17,158

 

 

20,833

Total Earnings Available for Fixed Charges

 

$

(92,233)

 

$

(166,931)

 

$

(235,576)

 

$

(355,591)

 

$

(473,969)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense (b)

 

$

 

$

3,776

 

$

15,414

 

$

16,487

 

$

19,758

Interest Portion of Rent Expense (c)

 

 

129

 

 

305

 

 

418

 

 

671

 

 

1,075

Total Fixed Charges

 

$

129

 

$

4,081

 

$

15,832

 

$

17,158

 

$

20,833

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges: (d)

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Coverage Deficiency:

 

$

92,362

 

$

171,012

 

$

251,408

 

$

372,749

 

$

494,802

 

 

(a)

Income (Loss) from Operations before Income Taxes for the years ended December 31, 2015 and 2016 have been revised to reflect our adoption of Financial Accounting Standards Board Accounting Standards Update, or ASU, No. 2014-09 effective January 1, 2017, with full retrospective application to January 1, 2015. 

(b)

Includes the amortization of our debt discount and debt issuance costs.

(c)

Represents estimated interest associated with certain facility leases (at an assumed rate of 20% of total rent expense for facility leases).

(d)

The ratio of earnings to fixed charges was less than one-to-one for each of the years presented.