Attached files

file filename
EX-32.1 - CERTIFICATE OF PEO AND PFO PURSUANT TO 18 U.S.C. SECTION 1350 - Zeltiq Aesthetics Incexhibit321q315.htm
EX-10.3 - AMENDMENT TO EMPLOYEE OFFER LETTER - Zeltiq Aesthetics Incexhibit103q315.htm
EX-31.1 - CERTIFICATE OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Incexhibit311q315.htm
EX-10.4 - AMENDMENT TO EMPLOYEE OFFER LETTER - Zeltiq Aesthetics Incexhibit104q315.htm
EX-31.2 - CERTIFICATE OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Incexhibit312q315.htm
EX-10.2 - AMENDMENT TO EMPLOYEE OFFER LETTER - Zeltiq Aesthetics Incexhibit102q315.htm
10-Q - 10-Q - Zeltiq Aesthetics Inczltq-093015x10q.htm
EX-10.1 - EXCLUSIVE LICENSE AGREEMENT WITH MGH - Zeltiq Aesthetics Incexhibit101q315.htm


Exhibit 12.1
ZELTIQ Aesthetics, Inc.
Ratio of Earnings to Fixed Charges
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(In thousands)

 
Nine Months Ended
 
Year Ended December 31,
 
September 30, 2015
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings (loss), calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
1,427

 
$
1,762

 
$
(19,165
)
 
$
(30,002
)
 
$
(9,555
)
 
$
(13,533
)
Add: Fixed charges
591

 
501

 
450

 
396

 
410

 
720

Total earnings (loss), as defined
2,018

 
2,263

 
$
(18,715
)
 
(29,606
)
 
(9,145
)
 
(12,813
)
Fixed Charges, calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
10

 
$

 
$

 
$
2

 
$
72

 
$
449

Amortized premiums, discounts and capitalized expenses related to indebtedness

 

 

 

 
49

 
49

Estimate of interest within rental expense (1)
581

 
501

 
450

 
394

 
289

 
222

Total fixed charges
$
591

 
$
501

 
$
450

 
$
396

 
$
410

 
$
720

Earnings (deficiency of earnings), as defined, to cover fixed charges
$
2,018

 
$
2,263

 
$
(18,715
)
 
$
(29,606
)
 
$
(9,145
)
 
$
(12,813
)
Ratio of earnings to fixed charges (2)
3.41

 
4.52

 

 

 

 


(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.

(2) Due to the registrant's losses in 2010 through 2013 and for the six months ended June 30, 2015, the ratio information is not applicable.