EX-12.1 5 dvax-ex121_20141231131.htm EX-12.1

Exhibit 12.1

 

 

For the Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

 

 

(In thousands)

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income taxes

$

(90,722

)

 

$

(66,720

)

 

$

(69,949

)

 

$

(48,597

)

 

$

(57,308

)

 

Fixed charges

 

438

 

 

 

509

 

 

 

2,795

 

 

 

2,420

 

 

 

2,341

 

 

Amount attributable to noncontrolling interest in Symphony Dynamo, Inc.

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

Earnings, as defined

$

(90,284

)

 

$

(66,211

)

 

$

(67,154

)

 

$

(46,177

)

 

$

(54,967

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$

(35

)

 

$

-

 

 

$

2,351

 

 

$

1,957

 

 

$

1,654

 

 

Estimated interest component of rent expenses

 

473

 

 

 

509

 

 

 

444

 

 

 

463

 

 

 

687

 

 

Total fixed charges

$

438

 

 

$

509

 

 

$

2,795

 

 

$

2,420

 

 

$

2,341

 

 

Preferred stock deemed dividend

 

-

 

 

 

8,469

 

 

 

-

 

 

 

-

 

 

 

-

 

 

Total fixed charges and preferred dividend

$

438

 

 

$

8,978

 

 

$

2,795

 

 

$

2,420

 

 

$

2,341

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover fixed charges and preferred stock dividends(1)

$

(90,722

)

 

 

(75,189

)

 

 

(69,949

)

 

 

(48,597

)

 

 

(57,308

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1):  Adjusted earnings, as described above, were insufficient to cover fixed charges in each year.