XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 244,440us-gaap_CashAndCashEquivalentsAtCarryingValue $ 130,080us-gaap_CashAndCashEquivalentsAtCarryingValue
Available for sale marketable debt securities 0us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent 3,541us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent
Accounts receivable, net 158,732us-gaap_AccountsReceivableNetCurrent 143,279us-gaap_AccountsReceivableNetCurrent
Inventories 154,687us-gaap_InventoryNet 117,307us-gaap_InventoryNet
Prepaid expenses and other current assets 28,255us-gaap_PrepaidExpenseAndOtherAssetsCurrent 15,438us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred income tax assets 66,936us-gaap_DeferredTaxAssetsNetCurrent 55,932us-gaap_DeferredTaxAssetsNetCurrent
Total current assets 653,050us-gaap_AssetsCurrent 465,577us-gaap_AssetsCurrent
Property, plant and equipment, net 217,314us-gaap_PropertyPlantAndEquipmentNet 127,276us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 1,040,753us-gaap_IntangibleAssetsNetExcludingGoodwill 1,092,648us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 1,012,108us-gaap_Goodwill 855,726us-gaap_Goodwill
Other assets 83,909us-gaap_OtherAssetsNoncurrent 96,342us-gaap_OtherAssetsNoncurrent
Total assets 3,007,134us-gaap_Assets 2,637,569us-gaap_Assets
Current liabilities:    
Current portion of long-term debt 14,503us-gaap_LongTermDebtCurrent 21,462us-gaap_LongTermDebtCurrent
Accounts payable 79,987us-gaap_AccountsPayableCurrent 31,181us-gaap_AccountsPayableCurrent
Payables due to distribution agreement partners 53,213prx_PayablesDueToDistributionAgreementPartners 79,117prx_PayablesDueToDistributionAgreementPartners
Accrued salaries and employee benefits 32,246us-gaap_EmployeeRelatedLiabilitiesCurrent 20,700us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued government pricing liabilities 42,647prx_AccruedGovernmentPricingLiabilitiesCurrent 35,829prx_AccruedGovernmentPricingLiabilitiesCurrent
Accrued legal settlements 0us-gaap_LitigationReserveCurrent 41,367us-gaap_LitigationReserveCurrent
Accrued interest payable 7,529us-gaap_InterestPayableCurrent 7,629us-gaap_InterestPayableCurrent
Accrued expenses and other current liabilities 47,679us-gaap_AccruedLiabilitiesCurrent 21,686us-gaap_AccruedLiabilitiesCurrent
Total current liabilities 277,804us-gaap_LiabilitiesCurrent 258,971us-gaap_LiabilitiesCurrent
Long-term liabilities 17,004us-gaap_LiabilitiesNoncurrent 20,322us-gaap_LiabilitiesNoncurrent
Non-current deferred tax liabilities 247,191us-gaap_DeferredTaxLiabilitiesNoncurrent 294,162us-gaap_DeferredTaxLiabilitiesNoncurrent
Long-term debt, less current portion 1,904,069us-gaap_LongTermDebtNoncurrent 1,516,057us-gaap_LongTermDebtNoncurrent
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value per share, 100 shares authorized and issued 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Additional paid-in capital 808,647us-gaap_AdditionalPaidInCapital 687,272us-gaap_AdditionalPaidInCapital
Accumulated deficit (243,933)us-gaap_RetainedEarningsAccumulatedDeficit (138,416)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (3,648)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (799)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 561,066us-gaap_StockholdersEquity 548,057us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity $ 3,007,134us-gaap_LiabilitiesAndStockholdersEquity $ 2,637,569us-gaap_LiabilitiesAndStockholdersEquity