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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ 32,779 $ 135,817 $ (9,602)
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 69,103 6,984 3,085
Amortization of premium/discount on purchased securities 2,152 2,080 2,758
Write-down of inventory to net realizable value 1,235 1,309 2,175
Gain (loss) on disposal of property and equipment   (103) (924)
Non-cash equity-based compensation expense 17,237 8,625 8,004
Non-cash loss on debt extinguishment 6,426    
Amortization of debt discount and debt issuance costs 11,379 6,870  
Gains on investments, net (14) (114) (40)
Change in fair value of contingent consideration 4,271 (681) 1,074
Deferred income taxes 5,007 (153,159)  
Changes in operating assets and liabilities:      
Accounts receivable, net (36,913) 3,588 (432)
Inventories (5,237) (1,360) (1,040)
Receivable from collaboration 4,090 (4,239) (15)
Prepaid and other current assets 4,034 2,331 2,817
Other long-term assets 9,209 1,964 (1,964)
Accounts payable and accrued expenses 7,876 10,694 (5,730)
Deferred revenues (22,197) (8,384) (6,694)
Other long-term liabilities (1,965) (808) (246)
Repayment of term loan attributable to original issue discount (12,491)    
Net cash provided by (used in) operating activities 95,981 11,414 (6,774)
Cash flows from investing activities:      
Proceeds from sales or maturities of investments 208,966 223,568 106,030
Purchase of investments (424,759) (63,747) (115,046)
Change in restricted cash (195) 2,883 (2,823)
Capital expenditures, net of proceeds from sale of assets (1,259) (44) 1,338
Net cash (used in) investing activities (899,041) (432,942) (13,935)
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 2015 term loan 344,750    
Proceeds from long-term debt 490,000 327,509  
Payment of debt issuance costs (10,004) (7,760)  
Proceeds from issuance of warrants   25,620  
Purchase of convertible bond hedges   (39,760)  
Payment of contingent consideration (456) (270) (51)
Payment to former CBR shareholders (7,195)    
Proceeds from the exercise of stock options 15,406 8,499 1,277
Proceeds from the issuance of common stock under ESPP     176
Net cash provided by financing activities 912,469 513,838 1,402
Net increase (decrease) in cash and cash equivalents 109,409 92,310 (19,307)
Cash and cash equivalents at beginning of the period 119,296 26,986 46,293
Cash and cash equivalents at end of the period 228,705 119,296 26,986
Supplemental data of cash flow information:      
Cash paid for taxes 2,373    
Cash paid for interest 28,014 2,500  
Non-cash investing activities:      
Fair value of acquisition-related contingent consideration   205,000 13,700
Fair value of common stock issued in connection with the Lumara Health acquisition   111,964  
Lumara Health      
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:      
Change in fair value of contingent consideration 8,300 1,600  
Cash flows from investing activities:      
Acquisition of Lumara Health, net of acquired cash 562 (595,602)  
CBR Acquisition Holdings Corp      
Cash flows from investing activities:      
Acquisition of CBR, net (682,356)    
MuGard      
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:      
Change in fair value of contingent consideration $ (4,000) $ (2,300)  
Cash flows from investing activities:      
Acquisition of MuGard Rights and inventory     $ (3,434)