Exhibit 12
Exact Sciences Corporation
Computation of Earnings to Fixed Charges
(in thousands)
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Fiscal Year Ended December 31 |
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2012 |
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2011 |
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2010 |
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2009 |
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2008 |
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Earnings: |
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Pre-tax income from continuing operations |
|
(52,421 |
) |
(28,675 |
) |
(11,556 |
) |
(9,128 |
) |
(9,741 |
) | |||||
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Add: Fixed Charges |
|
$ |
78 |
|
$ |
39 |
|
$ |
38 |
|
$ |
4 |
|
$ |
— |
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Earnings available for fixed charges |
|
$ |
(52,343 |
) |
$ |
(28,636 |
) |
$ |
(11,518 |
) |
$ |
(9,124 |
) |
$ |
(9,741 |
) |
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Fixed Charges: |
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Interest expensed and capitalized |
|
41 |
|
21 |
|
20 |
|
1 |
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— |
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Rental expense interest estimate |
|
37 |
|
18 |
|
18 |
|
3 |
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— |
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Total fixed charges |
|
$ |
78 |
|
$ |
39 |
|
$ |
38 |
|
$ |
4 |
|
$ |
— |
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|
Deficiency of Earnings to Cover Fixed Charges |
|
(52,421 |
) |
(28,675 |
) |
(11,556 |
) |
(9,128 |
) |
(9,741 |
) | |||||
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Ratio of Earnings to Fixed Charges |
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* |
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* |
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* |
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* |
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* |
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* During each of these periods, our earnings were less than our fixed charges. The amount of the deficiency for each period is set forth in the above table under the caption “Deficiency of Earnings to Cover Fixed Charges.”