EX-12 2 bios-ex12xx20151231x10k.htm EXHIBIT 12 Exhibit


Exhibit 12



Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)




 
Year ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
$
37,313

 
$
38,545

 
$
28,232

 
$
26,095

 
$
25,535

Amortized premiums, discounts and capitalized expenses (included above)

 

 

 

 

Estimate of interest within rental expense

 

 

 

 

Preference security dividend

 

 

 

 

Total Fixed Charges
$
37,313

 
$
38,545

 
$
28,232

 
$
26,095

 
$
25,535

 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Pretax loss from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees
$
(324,960
)
 
$
(138,727
)
 
$
(70,381
)
 
$
(44,365
)
 
$
(39,065
)
Fixed Charges
37,313

 
38,545

 
28,232

 
26,095

 
25,535

Distributed income of equity investees

 

 

 

 

Total Earnings
$
(287,647
)
 
$
(100,182
)
 
$
(42,149
)
 
$
(18,270
)
 
$
(13,530
)
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
(7.71
)
 
(2.60
)
 
(1.49
)
 
(0.70
)
 
(0.53
)