CEPHALON INC - FORM 10-K - EX-12.1 - February 12, 2010

Attached files

file filename
10-K - 10-K - CEPHALON INCa2196352z10-k.htm
EX-21 - EXHIBIT 21 - CEPHALON INCa2196352zex-21.htm
EX-3.2 - EXHIBIT 3.2 - CEPHALON INCa2196352zex-3_2.htm
EX-31.1 - EXHIBIT 31.1 - CEPHALON INCa2196352zex-31_1.htm
EX-23.1 - EXHIBIT 23.1 - CEPHALON INCa2196352zex-23_1.htm
EX-32.2 - EXHIBIT 32.2 - CEPHALON INCa2196352zex-32_2.htm
EX-31.2 - EXHIBIT 31.2 - CEPHALON INCa2196352zex-31_2.htm
EX-32.1 - EXHIBIT 32.1 - CEPHALON INCa2196352zex-32_1.htm
EX-10.26 - EXHIBIT 10.26 - CEPHALON INCa2196352zex-10_26.htm
EX-10.6(B) - EXHIBIT 10.6(B) - CEPHALON INCa2196352zex-10_6b.htm

QuickLinks -- Click here to rapidly navigate through this document


Exhibit 12.1

Cephalon, Inc.
Computation of Ratios of Earnings to Fixed Charges
(In thousands)

 
   Year Ended December 31,  
 
   As adjusted
2005* 		  As adjusted
2006* 		  As adjusted
2007* 		  As adjusted
2008* 		  2009  

Determination of earnings:

                                

Income (loss) before income taxes

   $ (264,506 ) $ 192,166   $ (123,276 ) $ 134,070   $ 281,945  
 

Add:

                                
 

Amortization of interest capitalized in current or prior periods

     —     52     98     250     265  
 

Fixed charges

     81,007     97,054     79,993     84,762     99,453  
                       

Total earnings

   $ (183,499 ) $ 289,272   $ (43,185 ) $ 219,082   $ 381,663  
                       

Fixed charges:

                                
 

Interest expense and amortization of debt discount and premium on all indebtedness

     75,257     87,805     70,866     75,233     90,336  
 

Appropriate portion of rentals

     5,750     9,249     9,127     9,529     9,117  
                       
 

Fixed charges

     81,007     97,054     79,993     84,762     99,453  
                       
 

Capitalized interest

     1,044     1,766     768     77     —  

Total fixed charges

   $ 82,051   $ 98,820   $ 80,761   $ 84,839   $ 99,453  
                       

Ratio of earnings to fixed charges(1)

     —     2.93     —     2.58     3.84  
                       

Deficiency of earnings to fixed charges

     265,550     —     123,946     —     —  
                       
*
As adjusted in accordance with the transition provisions of accounting for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement).

(1)
For the years ended December 31, 2005 and 2007, no ratios are provided because earnings were insufficient to cover fixed charges.



QuickLinks

Cephalon, Inc. Computation of Ratios of Earnings to Fixed Charges (In thousands)