XML 44 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 25,578 $ (7,191)
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 51,346 655
Amortization of premium/discount on purchased securities 1,505 1,823
Write-down of inventory to net realizable value 869 1,119
Gain (loss) on disposal of property and equipment   (102)
Non-cash equity-based compensation expense 11,572 6,153
Loss on debt extinguishment 6,426  
Amortization of debt discount and debt issuance costs 8,463 4,531
Gains on investments, net (2) (17)
Change in fair value of contingent consideration 4,525 (2,535)
Deferred income taxes 17,557  
Changes in operating assets and liabilities:    
Accounts receivable, net (24,075) (4,031)
Inventories (1,013) (2,496)
Receivable from collaboration 4,518 (654)
Prepaid and other current assets (89) (2,211)
Other long-term assets 5,959 1,001
Accounts payable and accrued expenses (4,013) 87
Other short-term liabilities (1,688)  
Deferred revenues (35,575) (6,659)
Other long-term liabilities (1,288) 137
Repayment of term loan attributable to original issue discount (12,491)  
Net cash provided by (used in) operating activities 58,084 (10,390)
Cash flows from investing activities:    
Acquisition of Lumara Health, net of acquired cash 562  
Acquisition of CBR, net (682,163)  
Proceeds from sales or maturities of investments 74,021 58,592
Purchase of investments (326,080) (63,747)
Change in restricted cash (3) 2,883
Capital expenditures, net of proceeds from sale of assets (440) (42)
Net cash (used in) investing activities (934,103) (2,314)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of underwriting discounts and other expenses 407,477  
Long-term debt principal payments (327,509)  
Proceeds from issuance of convertible 2.5% notes   200,000
Proceeds from long-term debt 839,125  
Payment of debt issuance costs (10,000) (6,711)
Proceeds from issuance of warrants   25,620
Purchase of convertible bond hedges   (39,760)
Payment of contingent consideration (322) (186)
Proceeds from the exercise of stock options 15,482 2,909
Net cash provided by financing activities 924,253 181,872
Net increase in cash and cash equivalents 48,234 169,168
Cash and cash equivalents at beginning of the period 119,296 26,986
Cash and cash equivalents at end of the period 167,530 196,154
Supplemental data of cash flow information:    
Cash paid for taxes 1,794  
Cash paid for interest $ 23,766 $ 2,514