XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:    
Net income (loss) $ 107,953 $ 36,566
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 283 232
Stock-based compensation 17,080 10,000
Amortization of intangible assets 28,033 23,506
Deferred taxes (11,943) (18,701)
Accretion of discount (796) 1,146
Reduction in the carrying amount of right-of-use asset 207 195
Acquired inventory samples expensed from asset acquisition 0 130
Acquired in-process research and development 0 79,288
Change in fair value of equity securities 1,647 568
(Increase) decrease in:    
Accounts receivable, net (4,752) (37,610)
Inventory (4,373) 1,870
Prepaid expenses and other current assets (5,849) (7,219)
Increase (decrease) in:    
Accounts payable (3,232) 623
Accrued expenses and other liabilities 44,948 (2,390)
Operating lease liability (275) (252)
Net cash provided by (used in) operating activities 168,931 87,952
Investing Activities:    
Purchases of property and equipment (468) (138)
Payment in connection with asset acquisition 0 (162,293)
Acquisition of in-process research and development 0 (79,288)
Purchase of equity securities 0 (13,465)
Net cash provided by (used in) investing activities (468) (255,184)
Financing Activities:    
Payment of employee withholding tax related to stock-based compensation (204) (529)
Proceeds from exercise of stock options 7,531 2,099
Payment of liabilities arising from asset acquisition (11,799) (11,762)
Proceeds from issuance of common stock 141,000 0
Payment of fees in connection with issuance of common stock (296) 0
Net cash provided by (used in) financing activities 136,232 (10,192)
Net increase (decrease) in cash and cash equivalents 304,695 (177,424)
Cash and cash equivalents – beginning of period 137,636 298,395
Cash and cash equivalents – end of period 442,331 120,971
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 51,691 41,663
Cash paid for interest 1,301 650
Non-cash investing and financing activities:    
Liabilities arising from asset acquisition $ 0 $ 1,915