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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income (loss) $ (75,738) $ 131,762 $ 43,313
Adjustments for non-cash items:      
Non-cash interest expense on PDL liability   14,646 4,488
Non-cash PDL royalty revenue   (242,808) (18,104)
Depreciation and amortization 85,737 12,025 6,161
Amortization of investments 358 288 783
Gain on bargain purchase     (484)
Provision for inventory obsolescence 224   347
Loss on disposal of property and equipment 38 19  
Stock-based compensation 14,228 8,930 6,109
Change in fair value of contingent consideration and unfavorable contract (2,625) 2,791 909
Accretion of debt discount 15,629 4,200  
Deferred income tax provision (benefit) (44,166) 87,378 (103,202)
Cash paid for in-process research and development 25,000    
Excess tax benefit from stock-based compensation (4,625) (3,190) 347
Changes in assets and liabilities:      
Accounts receivable (44,117) (15,453) (7,838)
Receivables from collaborative partners 508 10,170 (726)
Inventories 9,329 1,689 4,266
Prepaid and other assets 6,085 (2,190) 1,540
Income taxes receivable (2,332) (4,030)  
Accounts payable and other accrued liabilities 53,073 (4,750) 7,348
Accrued rebates, returns and discounts 85,348 17,143 3,485
Interest payable 15,992 2,683  
Accrued compensation 5,946 171 2,063
Income taxes payable   (61,875) 62,222
Deferred revenue   (15,516) (3,273)
Net cash (used in) provided by operating activities 143,892 (55,917) 9,754
Investing Activities      
Purchases of property and equipment (1,715) (599) (1,812)
Acquisition of business (1,050,011)   (52,725)
Acquisition of in-process research and development (25,000)    
Acquisition of patents     (150)
Purchases of marketable securities (116,209) (73,754) (37,746)
Maturities of marketable securities 84,884 27,046 53,056
Sales of marketable securities     1,341
Net cash (used in) provided by investing activities (1,108,051) (47,307) (38,036)
Financing Activities      
Proceeds from issuance of convertible debt   345,000  
Proceeds from the issuance of Senior Notes 562,063    
Proceeds from sale of future royalties and milestones to PDL     240,500
Proceeds from issuance of common stock 10,398 9,803 3,727
Excess tax benefit from stock-based compensation 4,625 3,190 (347)
Net cash provided by financing activities 576,575 347,218 243,880
Net increase in cash and cash equivalents (387,584) 243,994 215,598
Cash and cash equivalents at beginning of year 488,668 244,674 29,076
Cash and cash equivalents at end of year 101,084 488,668 244,674
Supplemental Disclosure of Cash Flow Information      
Net cash (received) paid for income taxes (4,048) 58,318 $ 45
Cash paid for interest 39,511    
Non-cash consideration for in-process research and development 29,900    
Convertible debt      
Financing Activities      
Debt issuance costs   $ (10,775)  
Senior Notes      
Financing Activities      
Debt issuance costs $ (511)