XML 33 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income (loss) $ 41,230 $ (14,301)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Loss on extinguishment of convertible notes 31,608 0
Loss on prepayment of Senior Notes 8,233 0
Depreciation and amortization 8,068 25,990
Accretion of debt discount and debt issuance costs 5,387 6,164
Recurring fair value measurement of assets and liabilities 3,147 28
Stock-based compensation 1,934 2,702
Provision for inventory and other assets 1,554 359
Other (14) 1,297
Changes in assets and liabilities:    
Accounts receivable 29,792 (6,278)
Inventories (2,381) (40)
Prepaid and other assets 3,289 30,592
Accounts payable and other accrued liabilities (10,510) (12,361)
Accrued rebates, returns and discounts (26,584) (4,105)
Interest payable (8,071) (2,852)
Net cash (used in) provided by operating activities (25,063) 27,195
Investing Activities    
Purchases of property and equipment (9) (13)
Net cash provided by (used in) investing activities 449,036 (13)
Financing Activities    
Proceeds from issuance of common stock 0 25
Shares withheld for payment of employee's withholding tax liability (272) (216)
Net cash used in financing activities (360,107) (28,440)
Net increase (decrease) in cash and cash equivalents 63,866 (1,258)
Cash and cash equivalents at beginning of year 42,107 110,949
Cash and cash equivalents at end of period 105,973 109,691
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 100 0
Cash paid for interest 10,842 13,213
Capital expenditures incurred but not yet paid 0 130
Senior Notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Loss on extinguishment of convertible notes 8,200  
Accretion of debt discount and debt issuance costs 2,699 1,357
Financing Activities    
Payments in connection with debt payment (171,775) (28,249)
Convertible debt    
Financing Activities    
Payments in connection with debt payment (188,060) 0
Gralise    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Gain (Loss) on sale of assets (127,500) 0
Investing Activities    
Proceeds from sale of assets 81,087 0
NUCYNTA    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Gain (Loss) on sale of assets 15,755 0
Investing Activities    
Proceeds from sale of assets $ 367,958 $ 0