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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (13,018) $ (12,236)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 369 1,985
Amortization of premiums on marketable securities 9 518
Remeasurement of related party acquisition-related contingent consideration 2,134 2,968
Remeasurement of related party financing-related contingent consideration 307 395
Amortization of debt discount and debt issuance costs 1,445 657
Change in deferred tax and income tax deferred charge (222) (2,851)
Stock-based compensation expense 351 2,134
Loss on deconsolidation of subsidiary 1,750 0
Other adjustments (550) 139
Net changes in assets and liabilities    
Accounts receivable (1,021) (1,891)
Inventories 467 (466)
Prepaid expenses and other current assets (3,228) (2,285)
Research and development tax credit receivable (449) (494)
Accounts payable & other current liabilities 752 6,374
Accrued expenses (4,750) (5,854)
Accrued income taxes (46) 32
Earn-out payments for related party contingent consideration in excess of acquisition-date fair value (3,181) (5,790)
Royalty payments for related party payable in excess of original fair value (507) (825)
Other assets and liabilities (1,818) (518)
Net cash used in operating activities (21,206) (18,008)
Cash flows from investing activities:    
Purchases of property and equipment (30) (41)
Proceeds from sales of marketable securities 34,864 194,400
Purchases of marketable securities (13,444) (275,098)
Net cash provided by (used in) investing activities 21,390 (80,739)
Cash flows from financing activities:    
Earn-out payments for related party contingent consideration 0 (402)
Proceeds from debt issuance 0 143,750
Payments for debt issuance costs 0 (5,391)
Share repurchases 0 (18,000)
Proceeds from exercise of warrants 0 2,911
Other financing activities, net 92 47
Net cash provided by financing activities 92 122,915
Effect of foreign currency exchange rate changes on cash and cash equivalents 29 179
Net change in cash and cash equivalents 305 24,347
Cash and cash equivalents at January 1, 9,325 16,564
Cash and cash equivalents at March 31, 9,630 40,911
Supplemental disclosures of cash flow information:    
Interest paid 3,234 263
Income taxes paid $ 72 $ 90