Attached files
| file | filename |
|---|---|
| EX-10.2 - EX-10.2 - MEDIVATION, INC. | d944035dex102.htm |
| EX-32.1 - EX-32.1 - MEDIVATION, INC. | d944035dex321.htm |
| EX-31.2 - EX-31.2 - MEDIVATION, INC. | d944035dex312.htm |
| EX-31.1 - EX-31.1 - MEDIVATION, INC. | d944035dex311.htm |
| 10-Q - 10-Q - MEDIVATION, INC. | d944035d10q.htm |
Exhibit 12.1
Medivation, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
| Six Months Ended June 30, 2015 |
Years Ended December 31, |
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| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
| Earnings |
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| Income (loss) before income taxes |
$ | 35,528 | $ | 260,194 | $ | (42,498 | ) | $ | (41,250 | ) | $ | (43,172 | ) | $ | (32,465 | ) | ||||||||
| Add: Fixed charges |
13,262 | 25,849 | 21,982 | 16,528 | 933 | 733 | ||||||||||||||||||
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| Earnings, as defined |
$ | 48,790 | $ | 286,043 | $ | (20,516 | ) | $ | (24,722 | ) | $ | (42,239 | ) | $ | (31,732 | ) | ||||||||
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| Fixed Charges |
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| Interest expense |
$ | 3,090 | $ | 6,792 | $ | 6,793 | $ | 5,332 | $ | — | $ | — | ||||||||||||
| Capitalized interest, net |
678 | 1,459 | — | — | — | — | ||||||||||||||||||
| Amortization of debt discount and issuance costs |
7,827 | 14,898 | 13,456 | 9,663 | — | — | ||||||||||||||||||
| Interest component of rentals (1) |
1,667 | 2,700 | 1,733 | 1,533 | 933 | 733 | ||||||||||||||||||
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| Total |
$ | 13,262 | $ | 25,849 | $ | 21,982 | $ | 16,528 | $ | 933 | $ | 733 | ||||||||||||
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| Earnings available to cover fixed charges |
$ | 48,790 | $ | 286,043 | $ | (42,498 | ) | $ | (41,250 | ) | $ | (43,172 | ) | $ | (32,465 | ) | ||||||||
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| Ratio of earnings to fixed charges |
3.68 | 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. |