EX-12.1 4 ex12_1.htm EXHIBIT 12.1 Unassociated Document
 
Exhibit 12.1

 
 
ANADIGICS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE NINE MONTHS ENDED OCTOBER 1, 2005 AND SEPTEMBER 30, 2006
AND THE YEARS ENDED DECEMBER 31, 2001, 2002, 2003, 2004 AND 2005
(In thousands, except ratios)
 
   
Year ended December 31,
  
Nine Months Ended
  
   
2001
  
2002
  
2003
  
2004
  
2005
  
Oct. 1, 2005
  
Sept. 30, 2006
  
                               
Fixed Charges:
                              
Portion of rental expense representing interest
  
$
1,320
  
$
1,187
  
$
1,075
  
$
1,021
  
$
816
  
$
638
  
$
528
  
Interest and amortization of debt issuance costs
    
626
    
5,119
    
3,761
    
4,085
    
4,997
    
3,748
    
3,860
  
Fixed charges, total
    
1,946
    
6,306
    
4,836
    
5,106
    
5,813
    
4,386
    
4,388
  
                                             
                                             
                                             
Earnings:
                                            
Loss before income taxes and cumulative effect of accounting changes
    
(82,782
)
  
(52,183
)
  
(51,139
)
  
(43,082
)
  
(31,233
)
  
(27,320
)
  
(8,736
)
Earnings, as defined
    
(80,836
)
  
(45,877
)
  
(46,303
)
  
(37,976
)
  
(25,420
)
  
(22,934
)
  
(4,348
)
Ratio of earnings to fixed charges (1)
    
—
    
—
    
—
    
—
    
—
    
—
    
—
  

(1) For purposes of this calculation, earnings consist of the loss before income taxes and cumulative effect of accounting change plus fixed charges. Fixed charges consist of interest charges and that portion of rent expense that we believe to be representative of interest. Had earnings, as defined, been sufficient to cover fixed charges, the ratio of earnings to fixed charges would be calculated as earnings divided by fixed charges. Losses before income taxes and cumulative effect of accounting change were not sufficient to cover fixed charges by $82.8 million, $52.2 million, $51.1 million, $43.1 million, and $31.2 million for the years ended December 31, 2001, 2002, 2003, 2004 and 2005 respectively. Losses before income taxes and cumulative effect of accounting change were not sufficient to cover fixed charges by $27.3 million and $8.7 million for the nine months ended October 1, 2005 and September 30, 2006, respectively.