XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (8,233) $ (114,354)
Adjustments to reconcile net loss to net cash used in operating activities:    
Recognition of previously received milestone payment which is no longer refundable (70,000)  
Non-cash royalty revenue related to sale of future royalties (16,753) (12,744)
Non-cash interest expense on liability related to sale of future royalties 15,725 16,644
Stock-based compensation 12,647 13,165
Depreciation and amortization 9,733 10,882
Other non-cash transactions 313 332
Changes in operating assets and liabilities:    
Accounts receivable, net (43,845) 1,248
Inventory 1,757 3,193
Other assets 679 6,817
Accounts payable (3,670) 697
Accrued compensation (501) 5,137
Accrued expenses 1,667 2,741
Accrued clinical trial expenses (7,262) (2,261)
Interest payable (3,750) (3,916)
Deferred revenue 1,480 (14,914)
Other liabilities (7,366) (4,825)
Net cash used in operating activities (117,379) (92,158)
Cash flows from investing activities:    
Maturities of investments 171,826 274,011
Purchases of investments (200,160) (140,569)
Sales of investments 21,661  
Purchases of property and equipment (6,090) (1,382)
Net cash (used in) provided by investing activities (12,763) 132,060
Cash flows from financing activities:    
Payment of capital lease obligations (2,578) (2,201)
Repayment of proceeds from sale of future royalties (7,000) (3,000)
Issuance of common stock, net of issuance costs 116,536  
Proceeds from shares issued under equity compensation plans 16,168 5,253
Net cash provided by financing activities 123,126 52
Effect of exchange rates on cash and cash equivalents (43) 20
Net (decrease) increase in cash and cash equivalents (7,059) 39,974
Cash and cash equivalents at beginning of period 39,067 25,437
Cash and cash equivalents at end of period 32,008 65,411
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 16,487 $ 17,097