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Portola Pharmaceuticals Inc – ‘S-3ASR’ on 11/9/15 – EX-12.1

On:  Monday, 11/9/15, at 5:09pm ET   ·   Effective:  11/9/15   ·   Accession #:  1193125-15-372129   ·   File #:  333-207901

Previous ‘S-3ASR’:  ‘S-3ASR’ on 10/1/14   ·   Next & Latest:  ‘S-3ASR’ on 8/7/19

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

11/09/15  Portola Pharmaceuticals Inc       S-3ASR     11/09/15    8:903K                                   RR Donnelley/FA

Automatic Shelf Registration Statement for Securities of a Well-Known Seasoned Issuer   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3ASR      Automatic Shelf Registration Statement for          HTML    211K 
                          Securities of a Well-Known Seasoned                    
                          Issuer                                                 
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML    211K 
 3: EX-4.6      Instrument Defining the Rights of Security Holders  HTML     76K 
 4: EX-4.7      Instrument Defining the Rights of Security Holders  HTML     77K 
 5: EX-4.8      Instrument Defining the Rights of Security Holders  HTML     70K 
 6: EX-5.1      Opinion re: Legality                                HTML     25K 
 7: EX-12.1     Statement re: Computation of Ratios                 HTML     19K 
 8: EX-23.1     Consent of Experts or Counsel                       HTML      6K 


EX-12.1   —   Statement re: Computation of Ratios


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-12.1  

Exhibit 12.1

PORTOLA PHARMACEUTICALS, INC.

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

Our earnings were insufficient to cover fixed charges for the nine months ended September 30, 2015, and the years ended December 31, 2014, 2013 and 2010. The following table sets forth our deficiency of earnings to cover fixed charges for the nine months ended September 30, 2015, and the years ended December 31, 2014, 2013 and 2010.

 

     Nine Months Ended
September 30,
    Year Ended December 31,  
     2015     2014     2013     2012      2011      2010  

Fixed charges:

  

Interest expense

   $ 0      $ 0      $ 0      $ 0       $ 21       $ 380   

Estimated interest portion of rental expense

     287        433        421        409         404         370   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 287      $ 433      $ 421      $ 409       $ 425       $ 750   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 
              

Earnings:

  

(Loss) income before income taxes

   $ (160,399   $ (137,125   $ (83,352   $ 11,366       $ 19,984       $ (17,475

Fixed charges per above

     287        433        421        409         425         750   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Earnings

   $ (160,112   $ (136,692   $ (82,931   $ 11,775       $ 20,409       $ (16,725
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 
              

Ratio of earnings to fixed charges

     N/A        N/A        N/A        29:1         48:1         N/A   

Deficiency of earnings available to cover fixed charges

   $ (160,399   $ (137,125   $ (83,352   $ N/A       $ N/A       $ (17,475

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3ASR’ Filing    Date    Other Filings
12/31/15
Filed on / Effective on:11/9/158-K
9/30/15
12/31/1410-K
12/31/1310-K
12/31/10
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Filing Submission 0001193125-15-372129   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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