XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (35,952) $ (243,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 19,791 9,089
Impairment of intangible assets 0 77,358
Provision for bad debt expense 230 (12)
Amortization of premium/discount on purchased securities 42 (51)
Write-down of inventory 616 4,836
(Gain)/loss on disposal of property & equipment 230 0
Non-cash equity-based compensation expense  5,879 9,407
Non-cash IPR&D expense 0 18,029
Amortization of debt discount and debt issuance costs 8,103 7,513
Gains on marketable securities, net (10) (270)
Change in fair value of contingent consideration 0 (21)
Deferred income taxes 630 630
Non-cash lease expense 1,279 0
Gain on sale of assets (15,853) 0
Changes in operating assets and liabilities:    
Accounts receivable, net 28,828 (7,825)
Inventories (872) (3,323)
Prepaid and other current assets (1,790) (5,562)
Accounts payable and accrued expenses (54,216) 36,137
Deferred revenues 0 (101)
Other assets and liabilities (377) 1,283
Net cash used in operating activities (43,442) (96,452)
Cash flows from investing activities:    
Proceeds from sales or maturities of marketable securities 33,735 46,420
Purchase of marketable securities (23,345) (14,815)
Net proceeds from the sale of assets 19,344 0
Capital expenditures (68) (1,907)
Net cash provided by investing activities 29,666 29,698
Cash flows from financing activities:    
Payments to settle convertible notes 0 (21,417)
Payments of contingent consideration (17) (27)
Payments for repurchases of common stock 0 (13,730)
Proceeds from the issuance of common stock under the ESPP 631 851
Proceeds from the exercise of common stock options 0 30
Payments of employee tax withholding related to equity-based compensation (1,326) (1,748)
Net cash used in financing activities (712) (36,041)
Net decrease in cash, cash equivalents, and restricted cash (14,488) (102,795)
Cash, cash equivalents, and restricted cash at beginning of the period 113,504 253,751
Cash, cash equivalents, and restricted cash at end of the period 99,016 150,956
Supplemental data for cash flow information:    
Cash (refunded) paid for taxes (256) 433
Cash paid for interest 5,200 5,467
Non-cash investing and financing activities:    
Milestone payment accrued for FDA approval of Vyleesi 0 60,000
Settlement of note receivable in connection with Perosphere acquisition 0 10,000
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 918