Attached files
file | filename |
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EX-32.1 - EX-32.1 - MEDIVATION, INC. | d750029dex321.htm |
EX-31.2 - EX-31.2 - MEDIVATION, INC. | d750029dex312.htm |
EXCEL - IDEA: XBRL DOCUMENT - MEDIVATION, INC. | Financial_Report.xls |
10-Q - FORM 10-Q - MEDIVATION, INC. | d750029d10q.htm |
EX-10.2 - EX-10.2 - MEDIVATION, INC. | d750029dex102.htm |
EX-31.1 - EX-31.1 - MEDIVATION, INC. | d750029dex311.htm |
Exhibit 12.1
Medivation, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
Six Months Ended June 30, 2014 |
Years Ended December 31, |
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2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
Earnings |
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Income (loss) before income taxes |
$ | 35,806 | $ | (42,498 | ) | $ | (41,250 | ) | $ | (43,172 | ) | $ | (32,465 | ) | $ | (46,481 | ) | |||||||
Add: Fixed charges |
12,216 | 21,982 | 16,985 | 933 | 733 | 933 | ||||||||||||||||||
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Earnings, as defined |
$ | 48,022 | $ | (20,516 | ) | $ | (24,265 | ) | $ | (42,239 | ) | $ | (31,732 | ) | $ | (45,548 | ) | |||||||
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Fixed Charges |
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Interest expense |
$ | 3,396 | $ | 6,793 | $ | 5,322 | $ | | $ | | $ | | ||||||||||||
Capitalized interest |
450 | | | | | | ||||||||||||||||||
Amortization of debt discount and issuance costs |
7,170 | 13,456 | 9,663 | | | | ||||||||||||||||||
Interest component of rentals (1) |
1,200 | 1,733 | 2,000 | 933 | 733 | 933 | ||||||||||||||||||
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Total |
$ | 12,216 | $ | 21,982 | $ | 16,985 | $ | 933 | $ | 733 | $ | 933 | ||||||||||||
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Earnings (deficiency in earnings) to cover fixed charges |
$ | 35,806 | $ | (42,498 | ) | $ | (41,250 | ) | $ | (43,172 | ) | $ | (32,465 | ) | $ | (46,481 | ) | |||||||
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Ratio of earnings to fixed charges |
3.93 | * | * | * | * | * |
(1) | Represents the estimated portion of operating lease rental expense that is considered by us to be a reasonable representation of interest. |
* | Because of the deficiency in earnings to cover fixed charges, the ratio information is not applicable. |