Attached files

file filename
10-Q - Emergent BioSolutions Inc.form10-q033115.htm
EX-32 - Emergent BioSolutions Inc.exhibit32_2.htm
EX-10.2 - BIOTHRAX CDC MOD - Emergent BioSolutions Inc.exhibit10_2.htm
EX-10.1 - AMENDMENT TO CREDIT AGREEMENT - Emergent BioSolutions Inc.exhibit10_1.htm
EX-31 - Emergent BioSolutions Inc.exhibit31_2.htm
EX-31 - Emergent BioSolutions Inc.exhibit31_1.htm
EX-32 - Emergent BioSolutions Inc.exhibit32_1.htm
 EXHIBIT 12
 
   
Ratio of Earnings to Fixed Charges        
 
   
Year to Date
                     
 
 
September 30,
   
Year Ended December 31,     
 
(in thousands)
 
2015
   
2014
   
2013
   
2012
   
2011
   
2010
 
 
                       
Pretax income from continuing operations (1)
 
$
41,888
 
 
$
53,062
   
$
44,243
   
$
37,446
   
$
38,849
   
$
77,880
 
                                                 
Fixed charges
                                               
    Interest expense
   
5,862
     
7,480
     
1,973
     
2,177
     
1,719
     
1,778
 
    Debt issuance cost
   
1,182
     
3,274
     
319
     
67
     
135
     
113
 
Total fixed charges (2)
   
7,044
     
10,754
     
2,244
     
2,244
     
1,854
     
1,891
 
                                                 
Noncontrolling interest in pretax income (3)
   
-
     
-
     
876
     
5,381
     
6,906
     
4,514
 
Capitalized interest (4)
   
2,127
     
2,530
     
1,973
     
2,171
     
1,713
     
1,796
 
                                                 
Earnings ((1) + (2) -(3) -(4))
   
46,805
 
   
61,286
     
43,686
     
32,138
     
32,084
     
73,461
 
Fixed charges
   
7,044
     
10,754
     
2,292
     
2,244
     
1,854
     
1,891
 
                                                 
Ratio of earnings to fixed charges
   
6.6
     
5.7
     
19.1
     
14.3
     
17.3
     
38.8