Attached files

file filename
EX-32.2 - EX-32.2 - Amphastar Pharmaceuticals, Inc.amph-20161231ex3224b01ce.htm
EX-32.1 - EX-32.1 - Amphastar Pharmaceuticals, Inc.amph-20161231ex3215cd544.htm
EX-31.2 - EX-31.2 - Amphastar Pharmaceuticals, Inc.amph-20161231ex312a30da5.htm
EX-31.1 - EX-31.1 - Amphastar Pharmaceuticals, Inc.amph-20161231ex3118c7377.htm
EX-23.1 - EX-23.1 - Amphastar Pharmaceuticals, Inc.amph-20161231ex231e5ea72.htm
EX-21.1 - EX-21.1 - Amphastar Pharmaceuticals, Inc.amph-20161231ex211d1dc0c.htm
EX-10.34 - EX-10.34 - Amphastar Pharmaceuticals, Inc.amph-20161231ex10345c26b.htm
10-K - 10-K - Amphastar Pharmaceuticals, Inc.amph-20161231x10k.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARAGES AND PREFERRED STOCK DIVIDENDS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2016

    

2015

    

2014

    

2013

    

2012

 

 

(in thousands)

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

$

14,946

 

$

(10,364)

 

$

(18,148)

 

$

17,227

 

$

25,878

Fixed charges, as calculated below

 

 

2,228

 

 

2,363

 

 

2,035

 

 

1,395

 

 

1,436

Amortization of capitalized interest

 

 

684

 

 

625

 

 

530

 

 

474

 

 

455

Less capitalized interest

 

 

(774)

 

 

(1,076)

 

 

(1,209)

 

 

(146)

 

 

(300)

Total earnings

 

$

17,084

 

$

(8,452)

 

$

(16,792)

 

$

18,949

 

$

27,469

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

1,024

 

 

987

 

 

609

 

 

958

 

 

784

Capitalized interest

 

 

774

 

 

1,076

 

 

1,209

 

 

146

 

 

300

Interest component of rent expense(1)

 

 

430

 

 

300

 

 

217

 

 

291

 

 

352

Total fixed charges

 

$

2,228

 

$

2,363

 

$

2,035

 

$

1,395

 

$

1,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combine fixed charges and preferred stock dividends(2)

 

 

7.67

 

 

N/A

 

 

N/A

 

 

13.59

 

 

19.13

Deficiency of earnings to combine fixed charges and preferred stock dividends(3)

 

 

 

$

(10,815)

 

$

(18,827)

 

 

 

 


(1)

Represents the portion of rental expense from operating leases that is estimated by us to be representative of interest.

(2)

For periods in which there is a deficiency of earnings available to cover combined fixed charges and preferred stock dividends, the ratio information is not applicable.

(3)

We have not paid any dividends on preferred stock and no preferred stock was outstanding for any of the periods presented.