Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - MEDIVATION, INC.Financial_Report.xls
EX-10.2 - EX-10.2 - MEDIVATION, INC.d786122dex102.htm
EX-32.1 - EX-32.1 - MEDIVATION, INC.d786122dex321.htm
EX-31.2 - EX-31.2 - MEDIVATION, INC.d786122dex312.htm
EX-10.1 - EX-10.1 - MEDIVATION, INC.d786122dex101.htm
EX-31.1 - EX-31.1 - MEDIVATION, INC.d786122dex311.htm
10-Q - FORM 10-Q - MEDIVATION, INC.d786122d10q.htm

Exhibit 12.1

Medivation, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(in thousands, except ratios)

 

     Nine Months
Ended
September 30,
2014
     Years Ended December 31,  
        2013     2012     2011     2010     2009  

Earnings

             

Income (loss) before income taxes

   $ 122,218       $ (42,498   $ (41,250   $ (43,172   $ (32,465   $ (46,481

Add: Fixed charges

     18,912         21,982        16,985        933        733        933   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings, as defined

   $ 141,130       $ (20,516   $ (24,265   $ (42,239   $ (31,732   $ (45,548
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

             

Interest expense

   $ 5,094       $ 6,793      $ 5,322      $ —       $ —       $ —    

Capitalized interest

     945         —         —         —         —         —    

Amortization of debt discount and issuance costs

     11,007         13,456        9,663        —         —         —    

Interest component of rentals (1)

     1,867         1,733        2,000        933        733        933   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 18,913       $ 21,982      $ 16,985      $ 933      $ 733      $ 933   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (deficiency in earnings) to cover fixed charges

   $ 122,217       $ (42,498   $ (41,250   $ (43,172   $ (32,465   $ (46,481
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     7.46                                                                     

 

(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.