EXELIXIS, INC. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 27, 2017

Attached files

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EX-10.51 - EXHIBIT 10.51 - EXELIXIS, INC.exel20161231exhibit1051.htm
EX-10.46 - EXHIBIT 10.46 - EXELIXIS, INC.exel20161231exhibit1046.htm
EX-10.17 - EXHIBIT 10.17 - EXELIXIS, INC.exel20161231exhibit1017.htm
EX-23.1 - EXHIBIT 23.1 - EXELIXIS, INC.exel20161231exhibit231.htm
EX-32.1 - EXHIBIT 32.1 - EXELIXIS, INC.exel20161231exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - EXELIXIS, INC.exel20161231exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - EXELIXIS, INC.exel20161231exhibit311.htm
EX-21.1 - EXHIBIT 21.1 - EXELIXIS, INC.exel20161231exhibit211.htm
EX-10.52 - EXHIBIT 10.52 - EXELIXIS, INC.exel20161231exhibit1052.htm
EX-10.49 - EXHIBIT 10.49 - EXELIXIS, INC.exel20161231exhibit1049.htm
EX-10.47 - EXHIBIT 10.47 - EXELIXIS, INC.exel20161231exhibit1047.htm
EX-10.45 - EXHIBIT 10.45 - EXELIXIS, INC.exel20161231exhibit1045.htm
EX-10.29 - EXHIBIT 10.29 - EXELIXIS, INC.exel20161231exhibit1029.htm
EX-10.26 - EXHIBIT 10.26 - EXELIXIS, INC.exel20161231exhibit1026.htm
10-K - 10-K - EXELIXIS, INC.exel2016123110-k.htm


Exhibit 12.1

EXELIXIS, INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Our earnings were insufficient to cover fixed charges for the periods presented. The following table sets forth our deficiency of earnings to cover fixed charges.
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
33,060

 
$
40,680

 
$
41,362

 
$
38,779

 
$
24,778

Interest portion of rental expense
721

 
755

 
886

 
935

 
2,948

Total fixed charges
$
33,781

 
$
41,435

 
$
42,248

 
$
39,714

 
$
27,726

Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
Net loss before income taxes
$
(70,222
)
 
$
(161,744
)
 
$
(261,297
)
 
$
(238,192
)
 
$
(145,335
)
Fixed charges per above
33,781

 
41,435

 
42,248

 
39,714

 
27,726

Total earnings available for fixed charges
$
(36,441
)
 
$
(120,309
)
 
$
(219,049
)
 
$
(198,478
)
 
$
(117,609
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Deficiency of earnings available to cover fixed charges
$
(70,222
)
 
$
(161,744
)
 
$
(261,297
)
 
$
(238,192
)
 
$
(145,335
)
Interest expense and Net loss before income taxes have been revised to reflect the correction of the accounting for non-cash interest expense associated with the 2019 Notes. See “Note 1 - Organization and Summary of Significant Accounting Policies - Correction of an Immaterial Error” in the Notes to the Condensed Consolidated Financial Statements for additional information on the correction.





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