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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net (loss) income $ (199,228) $ (2,483) $ 32,779
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 155,538 99,886 69,103
Impairment of intangible assets 319,246 19,663 0
Provision for bad debt expense 3,852 3,209 0
Amortization of premium/discount on purchased securities 302 624 2,152
Write-down of inventory to net realizable value 0 0 1,235
Gain (loss) on disposal of property and equipment 265 0 0
Non-cash equity-based compensation expense 23,664 22,543 17,237
Non-cash IPR&D expense 945 0 0
Non-cash loss on debt extinguishment 10,301 0 6,426
Amortization of debt discount and debt issuance costs 14,395 12,105 11,379
(Loss) gain on sale of investments, net 70 38 (14)
Change in fair value of contingent consideration (47,686) 25,683 4,271
Deferred income taxes (178,421) 7,279 5,007
Changes in operating assets and liabilities:      
Accounts receivable, net (14,978) (9,906) (36,913)
Inventories (2,331) (2,355) (5,237)
Receivable from collaboration 0 428 4,090
Prepaid and other current assets (285) 4,095 4,034
Accounts payable and accrued expenses 16,834 49,037 7,876
Deferred revenues 17,080 24,522 (22,197)
Payment of contingent consideration in excess of acquisition date fair value (10,432) (8,116) 0
Repayment of term loan attributable to original issue discount 0 0 (12,491)
Other assets and liabilities (1,223) (30) 7,244
Net cash provided by operating activities 107,908 246,222 95,981
Cash flows from investing activities:      
Acquisition of Lumara Health, net of acquired cash 0 0 562
Acquisition of CBR, net 0 0 (682,356)
Proceeds from sales or maturities of investments 294,957 127,479 208,966
Purchase of investments (127,249) (194,723) (424,759)
Acquisition of Intrarosa developed technology (55,800) 0 0
Change in restricted cash 0 0 (195)
Capital expenditures (8,988) (5,460) (1,259)
Net cash provided by (used in) investing activities 102,920 (72,704) (899,041)
Cash flows from financing activities:      
Proceeds from the issuance of common stock, net of underwriting discount and other expenses 0 0 407,477
Long-term debt principal payments (353,125) (17,502) (327,509)
Proceeds from long-term debt 0 0 834,750
Proceeds from 2022 Convertible Notes issuance 320,000 0 0
Payments to repurchase 2019 Convertible Notes (191,730) 0 0
Proceeds to settle warrants 323 0 0
Payment of convertible debt issuance costs (9,553) 0 (10,004)
Payment of contingent consideration (39,793) (92,130) (456)
Payment to former CBR shareholders 0 0 (7,195)
Payments for repurchases of common stock (19,466) (20,000) 0
Proceeds from the issuance and exercise of common stock options 3,021 3,885 15,406
Payments of employee tax withholding related to equity-based compensation (2,696) (2,171) 0
Net cash (used in) provided by financing activities (293,019) (127,918) 912,469
Net (decrease) increase in cash and cash equivalents (82,191) 45,600 109,409
Cash and cash equivalents at beginning of the year 274,305 228,705 119,296
Cash and cash equivalents at end of the year 192,114 274,305 228,705
Supplemental data of cash flow information:      
Cash paid for taxes 5,296 5,309 2,373
Cash paid for interest 56,959 62,381 28,014
Non-cash investing activities:      
Fair value of common stock issued in connection with the acquisition of the Intrarosa intangible asset 13,500    
Endoceutics, Inc.      
Non-cash investing activities:      
Fair value of common stock issued in connection with the acquisition of the Intrarosa intangible asset 12,555 0 0
Contingent consideration accrued for the acquisition of the Intrarosa intangible asset $ 9,300 $ 0 $ 0