XML 28 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net loss $ (102,496) $ (88,720) $ (75,738)
Adjustments for non-cash items:      
Depreciation and amortization 105,502 109,375 85,737
Accretion of debt discount and debt issuance costs 19,415 17,673 15,629
Loss on prepayment of Senior Notes 5,938 5,777  
Provision for inventory obsolescence 2,673 1,179 224
(Gain) loss on disposal of property and equipment (271)   38
Stock-based compensation 13,016 17,172 14,228
Change in fair value of contingent consideration (8,024) 1,637 (1,584)
Deferred income taxes   23,632 (41,354)
Gain on divestiture of Lazanda (17,064)    
Acquired in-process research and development 24,900   25,000
Other 240 611 358
Changes in assets and liabilities:      
Accounts receivable 30,137 (30,931) (44,117)
Receivables from collaborative partners (30) 29 508
Inventories (1,873) (3,718) 9,329
Prepaid and other assets (5,114) (2,464) 6,085
Income taxes receivable   6,359 (2,332)
Accounts payable and other accrued liabilities (6,436) 5,862 59,019
Accrued rebates, returns and discounts 4,292 10,478 85,348
Interest payable (2,705) (2,747) 15,992
Income taxes payable 67 59  
Net cash provided by operating activities 62,167 71,263 152,370
Investing Activities      
Purchases of property and equipment (666) (2,860) (1,715)
Acquisition of a business     (1,050,011)
Acquisition of in-process research and development     (25,000)
Proceeds from disposal of property and equipment 280    
Purchases of marketable securities (8,277) (68,818) (116,209)
Maturities of marketable securities 66,557 115,207 84,884
Sales of marketable securities   2,007  
Net cash provided (used in) by investing activities 57,894 45,536 (1,108,051)
Financing Activities      
Proceeds from issuance of Senior Notes     562,063
Payment of contingent consideration liability (1,673) (1,783) (1,041)
Senior Notes issuance costs     (511)
Repayment of Senior Notes (110,000) (100,000)  
Fees for early repayment and modifications of Senior Notes (7,400) (5,000)  
Proceeds from issuance of common stock 8,940 9,951 10,398
Shares withheld for payment of employee's withholding tax liability (753) (3,342) (2,812)
Net cash (used in) provided in financing activities (110,886) (100,174) 568,097
Net increase (decrease) in cash and cash equivalents 9,175 16,625 (387,584)
Cash and cash equivalents at beginning of year 117,709 101,084 488,668
Cash and cash equivalents at end of period 126,884 117,709 101,084
Supplemental Disclosure of Cash Flow Information      
Net cash paid (received) for income taxes 121 (14,425) (4,048)
Cash paid for interest 55,542 71,093 39,511
Non-cash consideration for in-process research and development 19,900   $ 29,900
Accrued in-process research and development expenses $ 5,000    
Capitalized expenditures incurred but not yet paid   $ 402