Attached files
| file | filename |
|---|---|
| EX-32.1 - CERTIFICATION - PDL BIOPHARMA, INC. | pdli-2018033110qex321.htm |
| EX-31.2 - CERTIFICATION - PDL BIOPHARMA, INC. | pdli-2018033110qex312.htm |
| EX-31.1 - CERTIFICATION - PDL BIOPHARMA, INC. | pdli-2018033110qex311.htm |
| 10-Q - 10-Q - PDL BIOPHARMA, INC. | pdli-2018033110qdoc.htm |
Exhibit 12.1
PDL BIOPHARMA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(Amount in thousands, except for ratios)
For the Three Months Ended March 31, 2018 | ||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 401,876 | $ | 501,272 | $ | 530,138 | $ | 109,370 | $ | 184,527 | $ | 2,621 | ||||||||||||
Add: fixed charges | 24,931 | 39,274 | 27,123 | 18,330 | 20,507 | 3,692 | ||||||||||||||||||
Earnings | $ | 426,807 | $ | 540,546 | $ | 557,261 | $ | 127,700 | $ | 205,034 | $ | 6,313 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense1 | $ | 24,871 | $ | 39,211 | $ | 27,059 | $ | 18,267 | $ | 20,221 | $ | 3,585 | ||||||||||||
Estimated interest portion of rent expense2 | 60 | 63 | 64 | 63 | 286 | 107 | ||||||||||||||||||
Fixed charges | $ | 24,931 | $ | 39,274 | $ | 27,123 | $ | 18,330 | $ | 20,507 | $ | 3,692 | ||||||||||||
Ratio of earnings to fixed charges | 17.12 | 13.76 | 20.55 | 6.97 | 10.00 | 1.71 | ||||||||||||||||||
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1 Interest expense includes amortization of debt discount and expenses.
2 Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness.