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EX-23.2 - EXHIBIT 23.2 - FLUIDIGM CORPexhibit232-eyconsent2016q4.htm
10-K - 10-K - FLUIDIGM CORPfye2016form10-k.htm
EX-32.2 - EXHIBIT 32.2 - FLUIDIGM CORPexhibit32210k2016.htm
EX-32.1 - EXHIBIT 32.1 - FLUIDIGM CORPexhibit32110k2016.htm
EX-31.2 - EXHIBIT 31.2 - FLUIDIGM CORPexhibit31210k2016.htm
EX-31.1 - EXHIBIT 31.1 - FLUIDIGM CORPexhibit31110k2016.htm
EX-23.1 - EXHIBIT 23.1 - FLUIDIGM CORPexhibit231-pwcconsentq42016.htm
EX-21.1 - EXHIBIT 21.1 - FLUIDIGM CORPexhibit1211-subsidiarylist.htm
EX-10.13 - EXHIBIT 10.13 - FLUIDIGM CORPexhibit1013-stevemcphailof.htm
Exhibit 12.1
Fluidigm Corporation
Ratio of earnings to fixed charges
Fiscal Years 2012 through 2016  
 
 
Years Ended
 
 
December 31,
2012
 
 
December 31,
2013
 
 
December 31,
2014
 
 
December 31,
2015
 
 
December 31,
2016
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributed to common stockholders before income taxes
 
$
(18,888)

 
 
$
(16,389)

 
 
$
(57,705)

 
 
$
(54,790)

 
 
$
(80,177)

Add: Combined fixed charges and preference dividends
 
 
1,006

 
 
 
1,169

 
 
 
7,081

 
 
 
8,353

 
 
 
8,971

Less: Capitalized interest
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total earnings for computation of ratio
 
 
(17,882)

 
 
 
(15,220)

 
 
 
(50,624)

 
 
 
(46,437)

 
 
 
(71,206)

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense including capitalized interest
 
 
628

 
 
 
14

 
 
 
5,344

 
 
 
5,808

 
 
 
5,820

Estimated interest component of rent
 
 
378

 
 
 
1,155

 
 
 
1,737

 
 
 
2,545

 
 
 
3,151

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
 
1,006

 
 
 
1,169

 
 
 
7,081

 
 
 
8,353

 
 
 
8,971

Combined fixed charges and preference dividends:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense including capitalized interest
 
 
628

 
 
 
14

 
 
 
5,344

 
 
 
5,808

 
 
 
5,820

Estimated interest component of rent
 
 
378

 
 
 
1,155

 
 
 
1,737

 
 
 
2,545

 
 
 
3,151

Deemed dividend
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total combined fixed charges and preference dividends
 
$
1,006

 
 
$
1,169

 
 
$
7,081

 
 
$
8,353

 
 
$
8,971

Ratio of earnings to fixed charges (1)
 
 

 
 
 

 
 
 

 
 
 

 
 
 

Ratio of earnings to combined fixed charges and preference dividends (1)
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 
(1) Earnings for the years ended December 31, 2012, 2013, 2014, 2015 and 2016 were insufficient to cover fixed charges by $18.9 million, $16.4 million, $57.7 million, $54.8 million and $80.2 million, respectively.
For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of net loss before benefit from income taxes. Fixed charges consist of interest expense and an estimate of the interest portion of rental expense. In addition, for the periods presented above, we did not have outstanding preferred securities and therefore were not required to pay any preferred security dividends.