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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 73,939 $ 232,221
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 2,083 0
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of convertible notes and term loan offering costs 6,067 9,744
Amortization of Intangible Assets 6,014 0
Change in fair value of acquired royalty rights 11,872 (19,298)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss) 875 0
Depreciation, Amortization and Accretion, Net 16 29
Gain (Loss) on Sale of Investments (881) (580)
Stock-based compensation expense 2,649 1,348
Deferred income taxes (6,013) 9,143
Changes in assets and liabilities:    
Receivables from licensees and other (26,035) 0
Receivables from licensees and other 5,757 294
Prepaid and other current assets (470) (4,434)
Accrued interest on notes receivable (2,745) (3,076)
Increase (Decrease) in Inventories (1,593) 0
Other assets 30 35
Accounts payable 6,740 103
Accrued liabilities 1,575 (861)
Increase (Decrease) in Deferred Revenue 9,194 51
Increase (Decrease) in Income Taxes Payable 2,421 (3,293)
Other long-term liabilities 6,084 10,548
Net cash provided by operating activities 86,065 231,386
Cash flows from investing activities    
Purchase consideration paid in advance (109,938) 0
Payments to Acquire Investments 7,985 0
Payments to Acquire Other Investments (75,000) 0
Proceeds from Sale of Available-for-sale Securities, Equity 1,680 1,124
Purchase of royalty rights 59,500 115,000
Payments for (Proceeds from) Productive Assets 47,240 8,970
Purchase of notes receivable (8,000) (8,976)
Proceeds from Collection of Notes Receivable 54,653 20,600
Payments to Acquire Property, Plant, and Equipment 0 9
Net cash used in investing activities (156,850) (93,291)
Cash flows from financing activities    
Proceeds from Short-term Debt 0 100,000
Repurchase of Convertible Notes 0 177,387
Payment of debt issuance costs (325) (607)
Repayments of Notes Payable (25,000) (50,000)
Proceeds from Noncontrolling Interests 250 0
Cash dividends paid (16,433) (73,623)
Net cash used in financing activities (41,508) (201,617)
Net increase (decrease) in cash and cash equivalents (112,293) (63,522)
Cash and cash equivalents at beginning of the period 218,883 [1] 291,377
Cash and cash equivalents at end of period [2],[3] 106,590  
Supplemental cash flow information    
Cash paid for income taxes 50,000 125,000
Cash paid for interest 9,930 16,045
Other Significant Noncash Transaction, Value of Consideration Given 0 9,794
Line of Credit Facility, Commitment Fee Amount $ 2,342 $ (1,258)
[1] Note 1
[2] unaudited
[3] unaudited