Exhibit 12.1
Medivation, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands)
Three Months Ended March 31, 2013 | Years Ended December 31, | |||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Net loss before income taxes | $ | (27,137 | ) | $ | (41,250 | ) | $ | (43,172 | ) | $ | (32,465 | ) | $ | (46,481 | ) | $ | (62,470 | ) | ||||||
Fixed charges | 5,455 | 16,985 | 933 | 733 | 933 | 200 | ||||||||||||||||||
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Earnings, as defined | $ | (21,682 | ) | $ | (24,265 | ) | $ | (42,239 | ) | $ | (31,732 | ) | $ | (45,548 | ) | $ | (62,270 | ) | ||||||
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Fixed Charges | ||||||||||||||||||||||||
Interest expense | $ | 1,698 | $ | 5,322 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Amortization of debt discount and issuance costs | 3,190 | 9,663 | — | — | — | — | ||||||||||||||||||
Interest component of rentals (1) | 567 | 2,000 | 933 | 733 | 933 | 200 | ||||||||||||||||||
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Total | $ | 5,455 | $ | 16,985 | $ | 933 | $ | 733 | $ | 933 | $ | 200 | ||||||||||||
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Deficiency in earnings to cover fixed charges | $ | 27,137 | $ | 41,250 | $ | 43,172 | $ | 32,465 | $ | 46,481 | $ | 62,470 | ||||||||||||
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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. |