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EX-32.2 - EX-32.2 - GENOMIC HEALTH INCghdx-20171231ex322af110a.htm
EX-32.1 - EX-32.1 - GENOMIC HEALTH INCghdx-20171231ex3214aad71.htm
EX-31.2 - EX-31.2 - GENOMIC HEALTH INCghdx-20171231ex312713e32.htm
EX-31.1 - EX-31.1 - GENOMIC HEALTH INCghdx-20171231ex311830d98.htm
EX-23.1 - EX-23.1 - GENOMIC HEALTH INCghdx-20171231ex231ba5cd8.htm
EX-21.1 - EX-21.1 - GENOMIC HEALTH INCghdx-20171231ex21174557f.htm
EX-10.5.1 - EX-10.5.1 - GENOMIC HEALTH INCghdx-20171231ex1051b0d0b.htm
EX-10.5 - EX-10.5 - GENOMIC HEALTH INCghdx-20171231ex10585ba8b.htm
10-K - 10-K - GENOMIC HEALTH INCghdx-20171231x10k.htm

EXHIBIT 12.1

GENOMIC HEALTH, INC.
STATEMENT REGARDING COMPUTATION OF RATIOS
(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31

 

    

2013

    

2014

    

2015

    

2016

    

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (deficiency):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) before income taxes

 

$

(12,411)

 

$

(24,199)

 

$

(34,304)

 

$

(12,538)

 

$

(2,353)

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

335

 

 

403

 

 

453

 

 

626

 

 

689

Earnings (deficiency)

 

$

12,076

 

$

(23,796)

 

$

33,851

 

$

11,913

 

$

1,664

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

Estimated interest portion of rental expense

 

 

335

 

 

403

 

 

453

 

 

626

 

 

689

Total fixed charges

 

$

335

 

$

403

 

$

453

 

$

626

 

$

689

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency in the coverage of fixed charges

 

$

(12,411)

 

$

(24,199)

 

$

(34,304)

 

$

(12,538)

 

$

(2,353)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges(1)(2)

 

 

NM

 

 

NM

 

 

NM

 

 

NM

 

 

NM

 

No preferred shares were outstanding during the periods set forth in the table and, accordingly, the combined ratio of earnings to fixed charges and preferred stock dividends would be identical to the ratio of earnings to fixed charges.

(1)The ratio of earnings to fixed charges is computed by dividing income (loss) before income taxes plus fixed charges by fixed charges.  Fixed charges consist of interest expense (including interest expense from capital leases) and the estimated portion of rental expense deemed by the Company to be representative of the interest factor of rental payments under operating leases.  For the years ended December 31, 2013, 2014, 2015, 2016 and 2017, earnings were insufficient to cover fixed charges by the amounts set forth in the table above under the heading “Deficiency in the coverage of fixed charges.”

(2)NM—Not meaningful.