XML 29 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
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 loss $ (50,785) $ (45,719) $ (62,134)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Amortization of deferred revenue 0 0 (12,400)
Depreciation and amortization 31,869 25,352 22,096
Stock-based compensation 12,084 11,809 12,423
Change in fair value of common stock warrants issued to non-employees 0 0 356
Accretion of debt discount, recorded to interest expense on 2018 Convertible Notes (Note 15) 5,250 4,818 43
Amortization of deferred financing costs, recorded to interest expense on 2018 Convertible Notes (Note 15) 662 599 101
Bad debt (recovery) expense 0 (85) 127
Non-cash foreign currency exchange loss (income) (157) 6,033 1,222
Impairment of intangible assets (Note 3(g)) 7,160 0 1,023
Change in fair value of contingent consideration related to Talon and EVOMELA acquisitions (Note 9) (676) (987) (2,871)
Change in fair value of Allos deferred development costs and deferred payment contingency (Note 16) 0 0 (2,869)
Research and development expense recognized for BELEODAQ in-license milestone achievement (Note 17(b)(x)) 0 7,790 0
Changes in operating assets and liabilities:      
Accounts receivable, net 40,245 (21,671) 42,559
Other receivables (7,017) 2,070 0
Inventories 1,863 4,253 1,570
Prepaid expenses and current portion of other assets (446) (718) (359)
Deferred tax assets 0 1,724 33,252
Other assets (1,731) (13,161) (8,989)
Accounts payable and other accrued obligations (28,298) 5,304 (23,897)
Accrued payroll and benefits (233) 1,594 425
Drug development liability (1,100) (1,957) (5,917)
Deferred revenue (3,511) 9,803 0
Deferred tax liability 210 (602) 0
Other long-term liabilities 1,355 124 2,153
Net cash provided by (used in) operating activities 6,744 (3,627) (2,086)
Cash Flows From Investing Activities:      
Purchases of property and equipment (223) (934) (161)
Proceeds from sale of available-for-sale securities 3,061 4,093 0
Net cash provided by (used in) investing activities 2,838 (21,841) (14,330)
Cash Flows From Financing Activities:      
Proceeds from Mundipharma related to FOLOTYN collaboration (Note 16) 0 0 7,000
Proceeds from exercise of stock options 1,482 1,906 3,576
Proceeds from sale of stock under employee stock purchase plan 627 639 495
Purchase of treasury stock 0 0 (1,651)
Purchase and retirement of restricted stock to satisfy employee tax liability at vesting (638) (1,733) (1,509)
Proceeds from revolving line of credit (Note 14) 0 0 100,000
Repayment of revolving line of credit (Note 14) 0 0 (175,000)
Proceeds from 2018 Convertible Notes (Note 15) 0 0 120,000
Deferred financing costs (Note 15) 0 0 (4,573)
Proceeds from sale of common stock warrants for 2018 Convertible Notes issuance (Note 15) 0 0 12,612
Purchase of common stock call options related to 2018 Convertible Notes issuance (Note 15) 0 0 (25,692)
Net cash provided by financing activities 1,471 812 35,258
Effect of exchange rates on cash and equivalents (1,254) (1,708) (2,235)
Net (decrease) increase in cash and equivalents 9,799 (26,364) 16,608
Cash and equivalents — beginning of year 129,942 156,306 139,698
Cash and equivalents — end of year 139,741 129,942 156,306
Supplemental Disclosure of Cash Flow Information:      
Cash paid for income taxes 335 329 0
Cash paid for interest 3,300 3,227 1,200
Retirement of treasury shares 0 0 1,652
EVOMELA [Member]      
Cash Flows From Investing Activities:      
Acquisition 0 0 (3,000)
Talon [Member]      
Cash Flows From Investing Activities:      
Acquisition 0 0 (11,169)
Supplemental Disclosure of Cash Flow Information:      
Common stock issued for Talon acquisition 0 0 26,310
BELEODAQ [Member]      
Cash Flows From Investing Activities:      
Capitalized milestone payment upon FDA approval of BELEODAQ $ 0 $ (25,000) $ 0