XML 77 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (3,118)us-gaap_NetIncomeLoss $ (13,665)us-gaap_NetIncomeLoss
Adjustments for non-cash operating items:    
Stock-based compensation 13,372us-gaap_ShareBasedCompensation 9,661us-gaap_ShareBasedCompensation
Change in fair value of contingent purchase consideration 4,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1  
Amortization of debt discount and debt issuance costs 3,910us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,532us-gaap_AmortizationOfFinancingCostsAndDiscounts
Depreciation on property and equipment 1,531us-gaap_DepreciationDepletionAndAmortization 1,064us-gaap_DepreciationDepletionAndAmortization
Amortization of deferred revenue (1,411)us-gaap_RecognitionOfDeferredRevenue (4,233)us-gaap_RecognitionOfDeferredRevenue
Change in deferred income taxes (1,402)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes  
Asset impairment and other charges 73us-gaap_AssetImpairmentCharges  
Changes in operating assets and liabilities:    
Receivable from collaboration partner 58,124mdvn_IncreaseDecreaseInReceivableFromCollaborationPartner 13,959mdvn_IncreaseDecreaseInReceivableFromCollaborationPartner
Prepaid expenses and other current assets (520)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 3,121us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other non-current assets (1,335)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (4,806)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Accounts payable, accrued expenses and other current liabilities (17,587)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities (2,687)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Interest payable 1,698us-gaap_IncreaseDecreaseInInterestPayableNet 1,698us-gaap_IncreaseDecreaseInInterestPayableNet
Other non-current liabilities (113)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (255)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 57,222us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 7,389us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Change in restricted cash (1,574)us-gaap_IncreaseDecreaseInRestrictedCash (2,073)us-gaap_IncreaseDecreaseInRestrictedCash
Purchases of property and equipment (956)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,645)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (2,530)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,718)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of common stock under equity incentive and stock purchase plans 11,502us-gaap_ProceedsFromStockPlans 9,010us-gaap_ProceedsFromStockPlans
Reduction of build-to-suit lease obligation (227)mdvn_LeasePaymentsAppliedToReduceBuildToSuitObligation  
Repayment of Convertible Notes (8)us-gaap_RepaymentsOfConvertibleDebt  
Net cash provided by financing activities 11,267us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 9,010us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 65,959us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 12,681us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 502,677us-gaap_CashAndCashEquivalentsAtCarryingValue 228,788us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 568,636us-gaap_CashAndCashEquivalentsAtCarryingValue 241,469us-gaap_CashAndCashEquivalentsAtCarryingValue
Non-cash investing activities:    
Interest capitalized during construction period for build-to-suit lease transactions 527mdvn_InterestCapitalizedForBuildToSuitTransactions  
Property and equipment expenditures incurred but not yet paid $ 918us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 385us-gaap_CapitalExpendituresIncurredButNotYetPaid