MEDIVATION, INC. - FORM 10-K - EX-12.1 - February 25, 2015

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EX-10.7 - EX-10.7 - MEDIVATION, INC.d850483dex107.htm
EX-10.8 - EX-10.8 - MEDIVATION, INC.d850483dex108.htm
EX-10.5 - EX-10.5 - MEDIVATION, INC.d850483dex105.htm
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10-K - FORM 10-K - MEDIVATION, INC.d850483d10k.htm
EX-21.1 - EX-21.1 - MEDIVATION, INC.d850483dex211.htm
EX-10.29 - EX-10.29 - MEDIVATION, INC.d850483dex1029.htm

Exhibit 12.1

Medivation, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(in thousands, except ratios)

 

     Years Ended December 31,  
     2014      2013      2012      2011      2010  

Earnings

               

Income (loss) before income taxes

    $ 260,194       $ (42,498)       $ (41,250)       $ (43,172)       $ (32,465)   

Add: Fixed charges

      25,849         21,982         16,528         933         733   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings, as defined

    $ 286,043       $ (20,516)       $ (24,722)       $ (42,239)       $ (31,732)   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Fixed Charges

               

Interest expense

    $ 6,792       $ 6,793       $ 5,332      $ —        $ —    

Capitalized interest

      1,459         —          —          —          —    

Amortization of debt discount and issuance costs

      14,898         13,456         9,663        —          —    

Interest component of rentals (1)

      2,700         1,733         1,533         933         733   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 25,849       $ 21,982       $ 16,528       $ 933       $ 733   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings (deficiency in earnings) to cover fixed charges

    $ 286,043       $ (42,498)       $ (41,250)       $ (43,172)       $ (32,465)   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

      11.07         *         *         *         *   

 

(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.

MEDIVATION, INC. Reports