EX-12 7 d707057dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES TO FIXED CHARGES

(dollars in thousands)

 

    

Three

Months ended

March 31,

     Fiscal Year Ended December 31,  
     2014     2013     2012     2011     2010     2009  

Earnings (loss):

             

Pre-tax loss from continuing operations before adjustment for loss from equity investee

    $ (268,813 )    $ (91,920 )    $ (112,064 )    $ (54,144 )    $ (35,362 )    $ (42,098 ) 

add: Fixed charges (see below)

      228        678        1,188        1,207        1,207        712   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Pre-tax loss from continuing operations before adjustment for income/loss from equity investees plus fixed charges

    $ (268,585 )    $ (91,242 )    $ (110,876 )    $ (52,937 )    $ (34,155 )    $ (41,386 ) 

Fixed charges:

             

Interest expense on portion of rent expense representative of interest

    $ 228      $ 678      $ 1,188      $ 1,207      $ 1,207      $ 712   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 228      $ 678      $ 1,188      $ 1,207      $ 1,207      $ 712   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      —         —         —         —         —         —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Deficiency of earnings available to cover fixed charges

    $ (268,813 )    $ (91,920 )    $ (112,064 )    $ (54,144 )    $ (35,362 )    $ (42,098 )