EX-12.1 4 a2230610zex-12_1.htm EX-12.1

Exhibit 12.1

 

Veeco Instruments Inc.

Ratio of Earnings (Loss) to Fixed Charges

 

 

 

Nine Months Ended

 

Year Ended

 

 

 

September 30,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

(dollars in ‘000s)

 

2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Interest expense including capitalized interest

 

166

 

464

 

715

 

598

 

1,502

 

4,600

 

(b)   Amortized premiums, discounts, and capitalized expenses related to indebtedness*

 

 

 

 

 

 

 

(c)   Estimate of interest within rental expense**

 

600

 

752

 

755

 

967

 

1,167

 

900

 

(d)   Preference security dividend requirements

 

 

 

 

 

 

 

Total Fixed Charges

 

766

 

1,216

 

1,470

 

1,565

 

2,669

 

5,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

ADD

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Income (loss) from continuing operations before income taxes

 

(114,535

)

(22,646

)

(78,354

)

(71,210

)

38,186

 

272,086

 

(b)   Fixed charges

 

766

 

1,216

 

1,470

 

1,565

 

2,669

 

5,500

 

(c)   Amortization of capitalized interest

 

 

 

 

 

 

 

(d)   Distributed income of equity investees

 

 

 

 

 

 

 

(e)   Veeco’s share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges.

 

 

 

 

 

 

 

SUBTRACT

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Interest capitalized during the period

 

 

 

 

 

 

 

(b)   Preference security dividend requirements of consolidated subsidiaries

 

 

 

 

 

 

 

(c)   Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges.

 

 

 

 

 

 

 

Total Earnings

 

(113,769

)

(21,430

)

(76,884

)

(69,645

)

40,855

 

277,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings (Loss) to Fixed Charges

 

(148.5

)

(17.6

)

(52.3

)

(44.5

)

15.3

 

50.5

 

Deficiency

 

114,535

 

22,646

 

78,354

 

71,210

 

N/A

 

N/A

 

 


* Only to the extent not already included in Interest Expense

** Estimated to be 1/3 of Rental Expense