EX-12.1 6 d760775dex121.htm COMPUTATION OF RATIOS Computation of Ratios

Exhibit 12.1

SurModics, Inc.

Computation of Ratios of Earnings to Fixed Charges

 

   

Six Months
Ended

March 31,

     Fiscal Year Ended September 30,  
    2014     2013     2012     2011     2010     2009  

Earnings

            

Pre-tax income from continuing operations

   $ 8,766,770      $ 20,359,694      $ 16,305,540      $ 16,528,559      $ 6,627,208      $ 64,808,778   

Add:

            

Fixed charges (build up below)

     17,316        19,257        19,797        62,402        70,424        282,048   

Amortization of capitalized interest

     —          —          —          —          —          —     

Distributed income of equity investees

     —          —          —          —          —          —     

Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges

     —          —          —          —          —          —     

Subtract:

            

Interest capitalized

     —          —          —          —          —          —     

Preference security dividend requirement

     —          —          —          —          —          —     

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

     —          —          —          —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 8,784,086      $ 20,378,951      $ 16,325,337      $ 16,590,961      $ 6,697,632      $ 65,090,826   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

            

Interest expensed and capitalized

   $ —        $ —        $ —        $ —        $ —        $ —     

Amortized premiums, discounts and capitalized expenses related to indebtedness

     7,426        —          —          —          —          —     

Estimate of interest within rental expense(a)

     9,890        19,257        19,797        62,402        70,424        282,048   

Preference security dividend requirements of consolidated subsidiaries

     —          —          —          —          —          —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 17,316      $ 19,257      $ 19,797      $ 62,402      $ 70,424      $ 282,048   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges(b)

     507.29x        1058.24x        824.65x        265.87x        95.10x        230.78x   

 

(a) Includes that portion of rental expense that management believes is representative of the interest component.
(b) We had no preferred stock outstanding during the periods presented and accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends is equal to the ratio of earnings to fixed charges and is not disclosed separately.