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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 30,330 $ 16,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,468 3,496
Stock-based compensation 2,169 2,507
Amortization of debt discount and issuance costs 2,092 687
Loss on extinguishment of debt 3,137 0
Amortization of premium (discount) on short-term investments (100) 17
Amortization of lease guarantee (81) (81)
Changes in operating assets and liabilities:    
Receivables from collaborative arrangements 14,705 3,120
Prepaid expenses and other current assets (196) (114)
Accounts payable (535) 2,176
Accrued personnel-related expenses and other accrued liabilities (1,702) 752
Accrued interest payable (3,375) (1,428)
Other long-term liabilities 2 5
Deferred revenue 0 (221)
Net cash provided by operating activities 49,914 27,761
Cash flows from investing activities    
Maturities of marketable securities 31,875 26,387
Purchases of marketable securities (5,362) (3,992)
Net cash provided by investing activities 26,513 22,395
Cash flows from financing activities    
Repurchase of shares to satisfy tax withholding (2,611) (553)
Payments of principal on senior secured term loans (120,000) 0
Payments of cash dividends to stockholders (38) (67)
Proceeds from issuances of common stock, net 114 8
Payment of principal on non-recourse notes due 2029 0 (7,752)
Distributions to noncontrolling interest (90) 0
Net cash used in financing activities (122,625) (8,364)
Net (decrease) increase in cash and cash equivalents (46,198) 41,792
Cash and cash equivalents at beginning of period 73,336 [1] 118,016
Cash and cash equivalents at end of period 27,138 159,808
Supplemental disclosure of cash flow information    
Cash paid for interest $ 8,941 $ 13,522
[1] *Condensed consolidated balance sheet as of December 31, 2017 has been derived from audited consolidated financial statements.