EX-12 4 dvax-ex121_2014111038.htm EX-12.1

Exhibit 12.1

 

 

For the Nine Months Ended September 30

 

 

For the Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

 

2009

 

 

 

(In thousands)

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income taxes

$

(68,436

)

 

$

(66,720

)

 

$

(69,949

)

 

$

(48,597

)

 

$

(57,308

)

 

$

(15,127

)

 

Fixed charges

 

356

 

 

 

509

 

 

 

2,795

 

 

 

2,420

 

 

 

2,341

 

 

 

796

 

 

Amount attributable to noncontrolling interest in Symphony Dynamo, Inc.

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,233

 

 

Earnings, as defined

$

(68,080

)

 

$

(66,211

)

 

$

(67,154

)

 

$

(46,177

)

 

$

(54,967

)

 

$

(10,098

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$

-

 

 

$

-

 

 

$

2,351

 

 

$

1,957

 

 

$

1,654

 

 

$

124

 

 

Estimated interest component of rent expenses

 

356

 

 

 

509

 

 

 

444

 

 

 

463

 

 

 

687

 

 

 

672

 

 

Total fixed charges

$

356

 

 

$

509

 

 

$

2,795

 

 

$

2,420

 

 

$

2,341

 

 

$

796

 

 

Preferred stock deemed dividend

 

-

 

 

 

8,469

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

Total fixed charges and preferred dividend

$

356

 

 

$

8,978

 

 

$

2,795

 

 

$

2,420

 

 

$

2,341

 

 

$

796

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover fixed charges and preferred stock dividends(1)

$

(68,436

)

 

 

(75,189

)

 

 

(69,949

)

 

 

(48,597

)

 

 

(57,308

)

 

 

(15,127

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1):  Adjusted earnings, as described above, were insufficient to cover fixed charges in each year.