EX-12.1 3 d552243dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Medivation, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(in thousands)

 

     Six  Months
Ended
June  30,
2013		     Years Ended December 31,  
       2012     2011     2010     2009     2008  

Earnings

             

Net loss before income taxes

    $ (32,003 )    $ (41,250 )    $ (43,172 )    $ (32,465 )    $ (46,481 )    $ (62,470 ) 

Fixed charges

      11,037        16,985        933        733        933        200   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings, as defined

    $ (20,966 )    $ (24,265 )    $ (42,239 )    $ (31,732 )    $ (45,548 )    $ (62,270 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

             

Interest expense

    $ 3,396      $ 5,322      $ —        $ —        $ —        $ —     

Amortization of debt discount and issuance costs

      6,474        9,663        —          —          —          —     

Interest component of rentals (1)

      1,167        2,000        933        733        933        200   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 11,037      $ 16,985      $ 933      $ 733      $ 933      $ 200   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Deficiency in earnings to cover fixed charges

    $ 32,003      $ 41,250      $ 43,172      $ 32,465      $ 46,481      $ 62,470   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

        *        *        *        *        *        * 

 

(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.