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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net (loss) income $ (27,170) $ 440
Adjustments for non-cash operating items:    
Amortization of deferred revenue (8,465) (36,825)
Stock-based compensation 8,296 4,336
Amortization of debt discount and debt issuance costs 3,190 359
Depreciation on property and equipment 678 117
Accretion of discount on securities (66) (13)
Loss on disposal of equipment 35  
Changes in operating assets and liabilities:    
Receivables from collaboration partners (4,684) (1,970)
Prepaid expenses and other current assets (1,548) 961
Other non-current assets (173) 92
Accounts payable 1,019 3,409
Accrued expenses and other current liabilities 1,843 8,844
Interest payable 1,698 226
Other non-current liabilities 140 (237)
Net cash used in operating activities (25,207) (20,261)
Cash flows from investing activities:    
Purchases of short-term investments (59,969) (149,950)
Maturities of short-term investments 125,000 25,000
Purchases of property and equipment (1,424) (1,255)
Change in restricted cash   (816)
Net cash provided by (used in) investing activities 63,607 (127,021)
Cash flows from financing activities:    
Proceeds from issuance of Convertible Notes, net   250,987
Financing transaction costs   (488)
Proceeds from issuance of common stock under Medivation Equity Incentive Plan 1,823 6,794
Net cash provided by financing activities 1,823 257,293
Net increase in cash and cash equivalents 40,223 110,011
Cash and cash equivalents at beginning of period 71,301 70,136
Cash and cash equivalents at end of period 111,524 180,147
Non-cash investing activities:    
Property and equipment expenditures incurred but not yet paid $ 2,499 $ 1,876