EX-12.1 3 d907632dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges

For the Years Ended:

 

     2014     2013     2012     2011     2010  

Loss before tax

    $ (59,201 )    $ (169,421 )    $ (170,068 )    $ (66,610 )    $ (250,090 ) 

Fixed charges

      18,892        34,506        18,302        99        36   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Adjusted loss

   (40,309 )    (134,915 )    (151,766 )    (66,511 )    (250,054 ) 

Fixed Charges:

Interest expense

   18,575      34,179      18,091      1      19   

Interest expense on rent

   317      327      211      98      17   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

   18,892      34,506      18,302      99      36   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges (1)

   —        —        —        —        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Coverage deficiency

   (59,201 )    (169,421 )    (170,068 )    (66,610 )    (250,090 ) 

 

(1)  Our earnings were insufficient to cover fixed charges in each of the five years ended December 31, 2014 and accordingly, ratios are not presented.