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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income (loss) $ (88,720) $ (75,738) $ 131,762
Adjustments for non-cash items:      
Non-cash interest expense on PDL liability     14,646
Non-cash PDL royalty revenue     (242,808)
Depreciation and amortization 109,375 85,737 12,025
Accretion of debt discount and debt issuance costs 17,673 15,629 4,200
Loss on prepayment of Senior Notes 5,777    
Provision for inventory obsolescence 1,179 224  
Loss on disposal of property and equipment   38 19
Stock-based compensation 17,172 14,228 8,930
Change in fair value of contingent consideration and unfavorable contract (146) (2,625) 2,791
Deferred income taxes 20,290 (44,166) 87,378
Cash paid for in-process research and development   25,000  
Excess tax benefit from stock-based compensation (637) (4,625) (3,190)
Other 611 358 288
Changes in assets and liabilities:      
Accounts receivable (30,931) (44,117) (15,453)
Receivables from collaborative partners 29 508 10,170
Inventories (3,718) 9,329 1,689
Prepaid and other assets (2,464) 6,085 (2,190)
Income taxes receivable 6,359 (2,332) (4,030)
Accounts payable and other accrued liabilities 5,862 59,019 (4,579)
Accrued rebates, returns and discounts 10,478 85,348 17,143
Interest payable (2,747) 15,992 2,683
Income taxes payable 59   (61,875)
Deferred revenue     (15,516)
Net cash (used in) provided by operating activities 65,501 143,892 (55,917)
Acquired in-process research & development expense   54,900  
Investing Activities      
Purchases of property and equipment (2,860) (1,715) (599)
Acquisition of business   (1,050,011)  
Acquisition of in-process research and development   (25,000)  
Purchases of marketable securities (68,818) (116,209) (73,754)
Maturities of marketable securities 115,207 84,884 27,046
Sales of marketable securities 2,007    
Net cash provided by (used in) investing activities 45,536 (1,108,051) (47,307)
Financing Activities      
Proceeds from issuance of Convertible debt     345,000
Convertible debt issuance costs     (10,775)
Proceeds from the issuance of Senior Notes   562,063  
Senior Notes issuance costs   (511)  
Repayment of Senior Notes (100,000)    
Prepayment fees for repayment of Senior Notes (5,000)    
Proceeds from issuance of common stock 9,951 10,398 9,803
Excess tax benefit from stock-based compensation 637 4,625 3,190
Net cash (used in) provided by financing activities (94,412) 576,575 347,218
Net increase (decrease) in cash and cash equivalents 16,625 (387,584) 243,994
Cash and cash equivalents at beginning of year 101,084 488,668 244,674
Cash and cash equivalents at end of period 117,709 101,084 488,668
Supplemental Disclosure of Cash Flow Information      
Net cash (received) paid for income taxes (14,425) (4,048) $ 58,318
Cash paid for interest 71,093 39,511  
Non-cash consideration for in-process research and development   $ 29,900  
Capitalized expenditures incurred but not yet paid $ 402