EX-12.1 7 a2233080zex-12_1.htm EX-12.1

Exhibit 12.1

 

PTC Therapeutics, Inc.

 

Statement of Computation of Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends

 

(In thousands, except ratio data)

 

 

 

Six Months
Ended June
30,

 

Fiscal Years Ended December 31,

 

 

 

2017

 

2016

 

2015

 

2014

 

2013

 

2012

 

Computation of earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss before provision for income taxes

 

$

(46,216

)

$

(141,541

)

$

(169,962

)

$

(98,446

)

$

(51,574

)

$

(26,235

)

Add back: Fixed charges

 

6,517

 

11,593

 

4,551

 

310

 

6,608

 

2,115

 

Total loss

 

$

(39,699

)

$

(129,948

)

$

(165,411

)

$

(98,136

)

$

(44,966

)

$

(24,120

)

Computation of fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

6,154

 

10,864

 

3,955

 

1

 

6,367

 

1,869

 

Estimated interest component of rent expense (1)

 

363

 

729

 

596

 

309

 

241

 

246

 

Total fixed charges

 

$

6,517

 

$

11,593

 

$

4,551

 

$

310

 

$

6,608

 

$

2,115

 

Preferred stock deemed dividend

 

$

—

 

$

—

 

$

—

 

$

—

 

$

(18,249

)

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover fixed charges (2)

 

$

(46,216

)

$

(141,541

)

$

(169,962

)

$

(98,446

)

$

(51,574

)

$

(26,235

)

Ratio of earnings to fixed charges

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

Deficiency of earnings available to cover fixed charges and preferred stock dividends (3)

 

$

(46,216

)

$

(141,541

)

$

(169,962

)

$

(98,446

)

$

(69,823

)

$

(26,235

)

Ratio of earnings to fixed charges and preferred stock dividends

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

 

(1)               The interest component of rent was determined based on an estimate of a reasonable interest factor at inception of the leases.

(2)               Losses in each period.  Earnings insufficient to cover fixed charges by the amounts indicated.

(3)               Losses in each period.  Earnings insufficient to cover fixed charges and preferred stock dividends by the amounts indicated.