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Exhibit 12.1
ZELTIQ Aesthetics, Inc.
Ratio of Earnings to Fixed Charges
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(In thousands)

 
Three Months Ended
 
 
 
Year Ended December 31,
 
March 31, 2016
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings (loss), calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
(10,554
)
 
$
3,332

 
$
1,762

 
$
(19,165
)
 
$
(30,002
)
 
$
(9,555
)
Add: Fixed charges
647

 
828

 
501

 
450

 
396

 
410

Total earnings (loss), as defined
(9,907
)
 
4,160

 
2,263

 
$
(18,715
)
 
(29,606
)
 
(9,145
)
Fixed Charges, calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
2

 
$
14

 
$
—

 
$
—

 
$
2

 
$
72

Amortized premiums, discounts and capitalized expenses related to indebtedness
—

 
—

 
—

 
—

 
—

 
49

Estimate of interest within rental expense (1)
645

 
814

 
501

 
450

 
394

 
289

Total fixed charges
$
647

 
$
828

 
$
501

 
$
450

 
$
396

 
$
410

Earnings (deficiency of earnings), as defined, to cover fixed charges
$
(10,554
)
 
$
4,160

 
$
2,263

 
$
(19,165
)
 
$
(30,002
)
 
$
(9,555
)
Ratio of earnings to fixed charges (2)
—

 
5.02

 
4.52

 
—

 
—

—

—


(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.

(2) Due to the registrant's losses in 2010 through 2013 and for the three months ended March 31, 2016, the ratio information is not applicable.