EX-12.1 9 d446552dex121.htm EX-12.1

EXHIBIT 12.1

Omeros Corporation

Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges

|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
|  | (in thousands, except share data) |
Earnings before fixed charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations before income taxes |  | $ | (38,444 | ) |  | $ | (28,546 | ) |  | $ | (29,251 | ) |  | $ | (21,089 | ) |  | $ | (23,827 | )
Add fixed charges |  |  | 2,305 |  |  |  | 2,144 |  |  |  | 2,104 |  |  |  | 2,596 |  |  |  | 834 |
Add amortization of capitalized interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Add distributed income of equity investees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtract capitalized interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss before fixed charges |  | $ | (36,139 | ) |  | $ | (26,402 | ) |  | $ | (27,147 | ) |  | $ | (18,493 | ) |  | $ | (22,993 | )
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | 1,355 |  |  | $ | 1,532 |  |  | $ | 1,328 |  |  | $ | 1,948 |  |  | $ | 280 |
Amortization of debt expense and loss from extinguishment of debt |  |  | 374 |  |  |  | 352 |  |  |  | 503 |  |  |  | 254 |  |  |  | 55 |
Estimate of interest expense within rental expense |  |  | 576 |  |  |  | 260 |  |  |  | 273 |  |  |  | 394 |  |  |  | 499 |
Preference security dividend requirements of consolidated subsidiaries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total fixed charges |  | $ | 2,305 |  |  | $ | 2,144 |  |  | $ | 2,104 |  |  | $ | 2,596 |  |  | $ | 834 |
Deficiency of earnings available to cover fixed charges |  |  | (38,444 | ) |  |  | (28,546 | ) |  |  | (29,251 | ) |  |  | (21,089 | ) |  |  | (23,827 | )