XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to BioTime, Inc. $ 51,958 $ 38,647
Net loss allocable to noncontrolling interests (3,175) (12,286)
Adjustments to reconcile net income attributable to BioTime, Inc. to net cash used in operating activities:    
Deferred income tax expense 4,772 0
Depreciation expense, including amortization of leasehold improvements 670 996
Amortization of intangible assets 1,766 2,935
Amortization of deferred license fees (166) 1,191
Stock-based compensation 2,903 6,303
Subsidiary shareholder expense for subsidiary warrants 531 3,125
Amortization of discount on related party convertible debt 640 264
Foreign currency remeasurement (gain) or loss and other (1,511) 802
Gain on sale of assets (1,754) 0
Loss on extinguishment of related party convertible debt 2,799 0
Changes in operating assets and liabilities:    
Grants and other accounts receivable, net (905) (955)
Deferred revenue and other liabilities (279) 509
Receivables from affiliates, net of payables 760 0
Prepaid expenses and other current assets 93 (1,013)
Accounts payable and accrued liabilities 1,276 399
Net cash used in operating activities (24,842) (33,474)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment and other assets (930) (1,860)
Payments on construction in progress 0 (278)
Proceeds from sales of assets and other 186 34
Cash used in investing activities (9,642) (10,480)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common shares 20,125 20,125
Fees paid on sale of common shares (1,623) (1,515)
Proceeds from sale of common shares of subsidiary 9,968 0
Proceeds from exercises of stock options 29 2,015
Reimbursement from landlord on construction in progress 198 451
Shares retired to pay for employees' taxes (38) 0
Repayment of capital lease obligation (31) (104)
Proceeds from sale of common shares and warrants of subsidiary 0 10,721
Fees paid on sale of common shares and warrants of subsidiary 0 (904)
Proceeds from issuance of related party convertible debt 384 1,150
Net cash provided by financing activities 29,012 31,939
Effect of exchange rate changes on cash and cash equivalents 46 237
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,426) (11,778)
CASH AND CASH EQUIVALENTS:    
At beginning of the period 22,088 42,229
At end of the period 16,662 30,451
Asterias Biotherapeutics [Member]    
Adjustments to reconcile net income attributable to BioTime, Inc. to net cash used in operating activities:    
Gain on deconsolidation 0 (49,048)
Unrealized (gain) loss on equity method investment in Asterias at fair value 26,097 (26,532)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Deconsolidation of cash and cash equivalents 0 (8,376)
Ascendance Biotechnology, Inc. [Member]    
Adjustments to reconcile net income attributable to BioTime, Inc. to net cash used in operating activities:    
BioTime's share of losses in equity method investment 0 1,189
OncoCyte Corporation [Member]    
Adjustments to reconcile net income attributable to BioTime, Inc. to net cash used in operating activities:    
Gain on deconsolidation (71,697) 0
Unrealized (gain) loss on equity method investment in Asterias at fair value (39,620) 0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Deconsolidation of cash and cash equivalents $ (8,898) $ 0