EX-12.1 4 a07-5959_1ex12d1.htm EX-12.1

EXHIBIT 12.1

IMCLONE SYSTEMS INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)

 

 

Year Ended

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

Income (loss) before taxes

 

$

320,320

 

$

88,074

 

$

131,014

 

$

(112,011

)

$

(157,224

)

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

13,715

 

13,700

 

15,769

 

16,325

 

16,381

 

Amortization of capitalized interest

 

1,007

 

98

 

98

 

98

 

98

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized during the period

 

2,640

 

5,394

 

6,087

 

6,059

 

2,077

 

Income (loss) before income taxes, as adjusted

 

$

332,402

 

$

96,478

 

$

140,794

 

$

(101,647

)

$

(142,822

)

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest (gross), including amortization of debt issuance
costs

 

11,963

 

11,963

 

14,520

 

15,184

 

15,256

 

Portion of rent representative of the interest factor

 

1,752

 

1,737

 

1,249

 

1,141

 

1,125

 

Fixed charges

 

$

13,715

 

$

13,700

 

$

15,769

 

$

16,325

 

$

16,381

 

Deficiency of earnings available to cover fixed charges

 

$

—

 

$

—

 

$

—

 

$

(117,972

)

$

(159,203

)

Ratio of earnings to fixed charges

 

24.2:1

 

7.0:1

 

8.9:1

 

—

 

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