EX-12.1 2 a2159409zex-12_1.htm EX-12.1
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Exhibit 12.1


Abgenix, Inc.
Computation of Ratios of Earnings to Fixed Charges

 
    
   Three Months Ended
March 31,
   Year Ended December 31,
  
 
    
   2005
   2004
   2004
   2003
   2002
   2001
   2000
  
 
    
   (in thousands)

  
Earnings:                                            
  Loss before income tax expense   $ (42,633 ) $ (41,566 ) $ (187,478 ) $ (196,345 ) $ (208,898 ) $ (60,856 ) $ (8,793 )
  Add:   Fixed charges     5,378     3,809     15,952     15,447     13,556     4,678     1,306  
    Amortization of capitalized interest     41     41     163     99     1     —     —  
  Less:   Capitalized interest     (271 )   (417 )   (1,687 )   (2,470 )   (1,924 )   —     —  
       
 
 
 
 
 
 
 
        $ (37,485 ) $ (38,133 ) $ (173,050 ) $ (183,269 ) $ (197,265 ) $ (56,178 ) $ (7,487 )
       
 
 
 
 
 
 
 
Fixed charges:                                            
  Interest expense   $ 3,342   $ 1,643   $ 7,233   $ 5,784   $ 4,830   $ 259   $ 39  
  Capitalized interest     271     417     1,687     2,470     1,924     —     —  
  Estimated interest portion of rental expense     1,765     1,749     7,032     7,193     6,802     4,419     1,267  
       
 
 
 
 
 
 
 
        $ 5,378   $ 3,809   $ 15,952   $ 15,447   $ 13,556   $ 4,678   $ 1,306  
       
 
 
 
 
 
 
 
Deficiency of earnings to fixed charges   $ (42,863 ) $ (41,942 ) $ (189,002 ) $ (198,716 ) $ (210,821 ) $ (60,856 ) $ (8,793 )
       
 
 
 
 
 
 
 
Ratio of earnings to fixed charges     —     —     —     —     —     —     —  
       
 
 
 
 
 
 
 



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