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Content analysis
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Exhibit 12.1
INVITAE CORPORATION
STATEMENT REGARDING COMPUTATION OF RATIOS
(in thousands)
|
| For the years ended December 31, |
| |||||||||||||||||
|
| 2013 |
|
| 2014 |
|
| 2015 |
|
| 2016 |
|
| 2017 |
| |||||
Earnings (deficiency): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss before provision for income taxes |
| $ | (24,838 | ) |
| $ | (47,492 | ) |
| $ | (89,782 | ) |
| $ | (100,256 | ) |
| $ | (125,236 | ) |
Fixed charges, as calculated below |
|
| 265 |
|
|
| 330 |
|
|
| 779 |
|
|
| 2,512 |
|
|
| 6,256 |
|
Earnings (deficiency) |
| $ | (24,573 | ) |
| $ | (47,162 | ) |
| $ | (89,003 | ) |
| $ | (97,744 | ) |
| $ | (118,980 | ) |
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 59 |
|
|
| 61 |
|
|
| 207 |
|
|
| 412 |
|
|
| 3,163 |
|
Amortization of debt issuance cost |
|
| — |
|
|
| — |
|
|
| 4 |
|
|
| 9 |
|
|
| 491 |
|
Estimated interest portion of rental expense |
|
| 206 |
|
|
| 269 |
|
|
| 568 |
|
|
| 2,091 |
|
|
| 2,602 |
|
Total fixed charges |
| $ | 265 |
|
| $ | 330 |
|
| $ | 779 |
|
| $ | 2,512 |
|
| $ | 6,256 |
|
Ratio of earnings to fixed charges (1) |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
(1) | Our earnings were inadequate to cover fixed charges for the year ended December 31, 2013, 2014, 2015, 2016 and 2017 by $24.8 million, $47.5 million, $89.8 million, $100.3 million and $125.2 million, respectively. |