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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 88,365 $ 73,939  
Noncash or Part Noncash Acquisition, Other Liabilities Assumed     $ 87,007
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed     47,360
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of convertible notes and term loan offering costs 8,195 6,067  
Amortization of Intangible Assets 18,438 6,014  
Change in fair value of acquired royalty rights (132,224) 11,872  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss) 29 875  
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 3,349 2,083  
Depreciation, Amortization and Accretion, Net 1,478 16  
Gain (Loss) on Sale of Investments (108) (881)  
Increase (Decrease) in Other Receivables (1,400) 0  
Business Combination, Bargain Purchase, Gain Recognized, Amount (3,995) 0  
Inventory Write-down 30 0  
Provision for Doubtful Accounts 22 0  
Stock-based compensation expense 3,014 2,649  
Deferred income taxes 28,970 (6,013)  
Changes in assets and liabilities:      
Receivables from licensees and other 19,454 (26,035)  
Receivables from licensees and other (5,111) 5,757  
Prepaid and other current assets (4,166) (470)  
Accrued interest on notes receivable 1,577 (2,745)  
Increase (Decrease) in Inventories (2,285) (1,593)  
Other assets 347 30  
Accounts payable 1,395 6,740  
Accrued liabilities 18,980 10,769  
Increase (Decrease) in Income Taxes Payable 2,432 2,421  
Other long-term liabilities 1,055 6,084  
Net cash provided by operating activities 58,063 86,065  
Cash flows from investing activities      
Purchase consideration paid in advance 0 (109,938)  
Payments to Acquire Investments 23,213 7,985  
Payments to Acquire Other Investments 0 75,000  
Proceeds from Sale and Maturity of Other Investments 75,000 0  
Proceeds from Sale of Available-for-sale Securities, Equity 37,895 1,680  
Proceeds from Sale and Collection of Notes Receivable 144,829 0  
Purchase of royalty rights 0 59,500  
Payments for (Proceeds from) Productive Assets 74,404 47,240  
Proceeds from Sale of Productive Assets 108,169 0  
Purchase of notes receivable 0 (8,000)  
Proceeds from Collection of Notes Receivable 8,142 54,653  
Payments to Acquire Property, Plant, and Equipment 1,160 0  
Net cash provided by / (used in) investing activities 424,066 (156,850)  
Cash flows from financing activities      
Payments of Debt Issuance Costs 0 325  
Repayments of Notes Payable 0 (25,000)  
Proceeds from Noncontrolling Interests 0 250  
Other Payments to Acquire Businesses (87,007) 0  
Cash paid for purchase of noncontrolling interest (2,170) 0  
Cash dividends paid (21) (16,433)  
Payments for Repurchase of Common Stock (30,000) 0  
Net cash used in financing activities (119,198) (41,508)  
Net increase (decrease) in cash and cash equivalents 362,931 (112,293)  
Cash and cash equivalents at beginning of the period [1] 147,154 218,883 218,883
Cash and cash equivalents at end of period 510,085 [2],[3] 106,590 [3] $ 147,154 [1]
Supplemental cash flow information      
Cash paid for income taxes 35,120 50,000  
Cash paid for interest 7,224 9,930  
Line of Credit Facility, Commitment Fee Amount 0 2,342  
Assets held for sale reclassified from notes receivable to other assets 10,000 0  
Extinguishment of Debt, Amount $ 43,909 $ 0  
[1] Note 1
[2] unaudited
[3] unaudited