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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)

 
Nine Months Ended
 
 
 
 
 
September 30, 2016
 
2015
 
2014
 
2013
 
2012
 
2011
 
Earnings (loss), calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
(530
)
 
$
3,332

 
$
1,762

 
$
(19,165
)
 
$
(30,002
)
 
$
(9,555
)
 
Add: Fixed charges
1,966

 
828

 
501

 
450

 
396

 
410

 
Total earnings (loss), as defined
1,436

 
4,160

 
2,263

 
$
(18,715
)
 
(29,606
)
 
(9,145
)
 
Fixed Charges, calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
6

 
$
14

 
$
—

 
$
—

 
$
2

 
$
72

 
Amortized premiums, discounts and capitalized expenses related to indebtedness
—

 
—

 
—

 
—

 
—

 
49

 
Estimate of interest within rental expense (1)
1,960

 
814

 
501

 
450

 
394

 
289

 
Total fixed charges
$
1,966

 
$
828

 
$
501

 
$
450

 
$
396

 
$
410

 
Earnings (deficiency of earnings), as defined, to cover fixed charges
$
(530
)
 
$
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 nine months ended September 30, 2016, the ratio information is not applicable.