Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Volcano Corp | d448301d8k.htm |
| EX-99.2 - UPDATED COMPANY DISCLOSURE - Volcano Corp | d448301dex992.htm |
| EX-23.3 - CONSENT OF KPMG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Volcano Corp | d448301dex233.htm |
| EX-99.1 - PRESS RELEASE - Volcano Corp | d448301dex991.htm |
Exhibit 12.1
Volcano Corporation
Computation of Earnings to Fixed Charges Ratio
(Unaudited - in thousands)
| Years Ended December 31, | Nine month ended September 30, | |||||||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2012 | 2011 | ||||||||||||||||||||||
| Earnings (losses) |
||||||||||||||||||||||||||||
| Income (loss) before income taxes |
$ | 18,103 | $ | 7,327 | $ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | 9,840 | $ | 10,355 | |||||||||||
| Fixed charges |
10,269 | 4,330 | 1,895 | 1,208 | 996 | 7,799 | 7,375 | |||||||||||||||||||||
| Less: capitalized interests |
1,190 | — | — | — | — | 1,169 | 604 | |||||||||||||||||||||
| Total |
27,182 | 11,657 | (25,872 | ) | (11,877 | ) | (25,056 | ) | 16,470 | 17,126 | ||||||||||||||||||
| Fixed Charges |
||||||||||||||||||||||||||||
| Interest expense on indebtedness and amortization of deferred financing costs |
$ | 7,980 | $ | 2,192 | $ | 5 | $ | 113 | $ | 199 | $ | 6,180 | $ | 5,955 | ||||||||||||||
| Interest component of rentals (1) |
2,289 | 2,138 | 1,890 | 1,095 | 797 | 1,619 | 1,420 | |||||||||||||||||||||
| Total |
10,269 | 4,330 | 1,895 | 1,208 | 996 | 7,799 | 7,375 | |||||||||||||||||||||
| Ratio of earnings to fixed charges |
2.65 | 2.69 | (13.65 | ) | (9.83 | ) | (25.16 | ) | 2.11 | 2.32 | ||||||||||||||||||
| Excess (deficiency) of earnings available to cover fixed charges |
$ | 16,913 | $ | 7,327 | $ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | 8,671 | $ | 9,751 | |||||||||||
| (1) | Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness. |