EX-12.1 6 d768468dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges for the Years Ended:

 

     2013     2012     2011     2010     2009  

Loss before tax

    $ (169,421 )    $ (170,068 )    $ (66,610 )    $ (250,090 )    $ (31,507 ) 

Fixed charges

      34,506        18,302        99        36        2,852   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Adjusted loss

      (134,915 )      (151,766 )      (66,511 )      (250,054 )      (28,655 ) 

Fixed Charges:

           

Interest expense

      34,179        18,091        1        19        2,832   

Interest expense on rent

      327        211        98        17        20   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

      34,506        18,302        99        36        2,852   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges (1)

      —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Coverage deficiency

      (169,421 )      (170,068 )      (66,610 )      (250,090 )      (31,507 ) 

 

(1)  Our earnings were insufficient to cover fixed charges in each of the five years ended December 31, 2013 and accordingly, ratios are not presented.