XML 64 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income $ 25,804us-gaap_ProfitLoss $ 3,249us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,549us-gaap_DepreciationDepletionAndAmortization 1,805us-gaap_DepreciationDepletionAndAmortization
Loss on disposal of property, plant and equipment 92us-gaap_GainLossOnSaleOfPropertyPlantEquipment 7us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Unrealized appreciation on equity securities (115,454)us-gaap_FairValueOptionChangesInFairValueGainLoss1 (21,922)us-gaap_FairValueOptionChangesInFairValueGainLoss1
Amortization of discount/premium on investments 124us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 414us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Equity in net loss of affiliates 1,956us-gaap_IncomeLossFromEquityMethodInvestments 536us-gaap_IncomeLossFromEquityMethodInvestments
Stock-based compensation expense 10,259us-gaap_ShareBasedCompensation 3,774us-gaap_ShareBasedCompensation
Contribution of services by shareholder 0xon_ContributionOfServicesByShareholder 470xon_ContributionOfServicesByShareholder
Shares issued to nonemployee members of the Board of Directors 480xon_StockIssuedDuringPeriodToNonemployeeDirectorExpense 426xon_StockIssuedDuringPeriodToNonemployeeDirectorExpense
Shares issued as consideration for license agreement 59,579xon_SharesIssuedAsConsiderationForLicenseAgreementValue 0xon_SharesIssuedAsConsiderationForLicenseAgreementValue
Provision for bad debts 393us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes 795us-gaap_DeferredIncomeTaxExpenseBenefit 0us-gaap_DeferredIncomeTaxExpenseBenefit
Other noncash items 264us-gaap_OtherNoncashIncomeExpense 35us-gaap_OtherNoncashIncomeExpense
Receivables:    
Trade (815)us-gaap_IncreaseDecreaseInAccountsReceivable 92us-gaap_IncreaseDecreaseInAccountsReceivable
Related parties 2,807us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent (759)us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent
Note (16)us-gaap_IncreaseDecreaseInNotesReceivableCurrent 0us-gaap_IncreaseDecreaseInNotesReceivableCurrent
Other 67us-gaap_IncreaseDecreaseInOtherReceivables (104)us-gaap_IncreaseDecreaseInOtherReceivables
Inventory (382)us-gaap_IncreaseDecreaseInInventories 0us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other (292)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (1,216)us-gaap_IncreaseDecreaseInOtherOperatingAssets 37us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 672us-gaap_IncreaseDecreaseInAccountsPayable 516us-gaap_IncreaseDecreaseInAccountsPayable
Accrued compensation and benefits (297)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (2,480)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other accrued liabilities 1,210us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 234us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Deferred revenue (2,621)us-gaap_IncreaseDecreaseInDeferredRevenue 23,184us-gaap_IncreaseDecreaseInDeferredRevenue
Related party payables (156)us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent (47)us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent
Other long term liabilities 157us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 10us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by (used in) operating activities (13,041)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 9,479us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities    
Maturities of investments 24,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 35,249us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of equity securities and warrants (14,900)us-gaap_PaymentsToAcquireOtherInvestments 0us-gaap_PaymentsToAcquireOtherInvestments
Acquisitions of businesses, net of cash received (29,559)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (4,912)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Acquisition of noncontrolling interest (1,566)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Investments in affiliates (1,491)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (1,500)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Purchases of property, plant and equipment (2,711)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,982)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 194us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash provided by (used in) investing activities (26,033)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 25,855us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities    
Proceeds from issuance of shares in a private placement 0us-gaap_ProceedsFromIssuanceOfPrivatePlacement 25,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement
Proceeds from issuance of shares in a public offering, net of issuance costs 110,041xon_ProceedsfromIssuanceofCommonStockNetofIssuanceCosts 0xon_ProceedsfromIssuanceofCommonStockNetofIssuanceCosts
Advances from lines of credit 5,559us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Repayments of advances from lines of credit (7,211)us-gaap_RepaymentsOfLinesOfCredit 0us-gaap_RepaymentsOfLinesOfCredit
Payments of capital lease obligations (6)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (8)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Proceeds from long term debt 44us-gaap_ProceedsFromIssuanceOfLongTermDebt 148us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments of long term debt (335)us-gaap_RepaymentsOfLongTermDebt 0us-gaap_RepaymentsOfLongTermDebt
Proceeds from stock option exercises 2,567us-gaap_ProceedsFromStockOptionsExercised 330us-gaap_ProceedsFromStockOptionsExercised
Payment of stock issuance costs 0us-gaap_PaymentsOfStockIssuanceCosts (256)us-gaap_PaymentsOfStockIssuanceCosts
Net cash provided by financing activities 110,659us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 25,214us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (36)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 71,549us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 60,543us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents    
Beginning of period 27,466us-gaap_CashAndCashEquivalentsAtCarryingValue 49,509us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 99,015us-gaap_CashAndCashEquivalentsAtCarryingValue 110,052us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 84us-gaap_InterestPaid 13us-gaap_InterestPaid
Significant noncash financing and investing activities    
Stock received as consideration for collaboration agreements 0xon_StockReceivedAsConsiderationForCollaborationAgreements 5,225xon_StockReceivedAsConsiderationForCollaborationAgreements
Stock issued in acquisitions, net 39,735us-gaap_StockIssuedDuringPeriodValueAcquisitions 19,368us-gaap_StockIssuedDuringPeriodValueAcquisitions
Stock issued to acquire noncontrolling interest $ 9,412xon_StockIssuedDuringPeriodValueAcquisitionOfNoncontrollingInterests $ 0xon_StockIssuedDuringPeriodValueAcquisitionOfNoncontrollingInterests