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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (266,528) $ (43,484)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 13,871 158,002
Impairment of intangible assets 77,358 0
Provision for bad debt expense (12) 754
Amortization of premium/discount on purchased securities (64) 96
Write-down of inventory 4,872 0
Gain on disposal of fixed assets 0 (99)
Non-cash equity-based compensation expense 14,381 14,599
Non-cash IPR&D expense 18,029 0
Loss on debt extinguishment 0 35,922
Amortization of debt discount and debt issuance costs 11,332 11,824
Gains on marketable securities, net (263) (1)
Change in fair value of contingent consideration (16) (49,175)
Deferred income taxes 408 43,747
Gain on sale of the CBR business 0 (89,581)
Transaction costs 0 (14,111)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,229) 7,175
Inventories (6,824) 3,587
Prepaid and other current assets (24,075) 1,101
Accounts payable and accrued expenses 53,092 (4,280)
Deferred revenues (101) 8,658
Other assets and liabilities 1,038 159
Net cash (used in) provided by operating activities (105,731) 84,893
Cash flows from investing activities:    
Proceeds from sales or maturities of marketable securities 85,321 60,146
Purchase of marketable securities (14,815) (64,400)
Purchase of developed technology (60,000) 0
Proceeds from the sale of the CBR business 0 519,303
Capital expenditures (2,098) (1,913)
Net cash provided by investing activities 8,408 513,136
Cash flows from financing activities:    
Long-term debt principal payments 0 (475,000)
Payments to settle convertible notes (21,417) 0
Payment of premium on debt extinguishment 0 (28,054)
Payments of contingent consideration (50) (87)
Payments for repurchases of common stock (13,730) 0
Proceeds from the issuance of common stock under the ESPP 851 0
Proceeds from the exercise of common stock options 30 2,635
Payments of employee tax withholding related to equity-based compensation (1,817) (2,632)
Net cash used in financing activities (36,133) (503,138)
Net (decrease) increase in cash, cash equivalents, and restricted cash (133,456) 94,891
Cash, cash equivalents, and restricted cash at beginning of the period 253,751 192,770
Cash, cash equivalents, and restricted cash at end of the period 120,295 287,661
Supplemental data for cash flow information:    
Cash paid for taxes 456 5,041
Cash paid for interest 5,467 43,546
Non-cash investing and financing activities:    
Settlement of note receivable in connection with Perosphere acquisition $ 10,000 $ 0