XML 52 R9.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss including noncontrolling interests in subsidiaries $ (17,763) $ (93,481)
Adjustments to reconcile net loss including noncontrolling interests in subsidiaries to net cash provided by (used in) operating activities:    
Change in fair value of investment, net (Note 5) (9,622) 53,961
Impairment of other investment 8,195 1,000
Loss on sale of investment (Note 5) 8,147 3,705
Gain on disposal of other investment (Note 5) (2,000) 0
Depreciation and amortization 2,344 15,582
Non-cash stock compensation 753 172
Change in value of trading securities (914) 0
Purchases of trading securities (103,718) 0
Maturities and sales of trading securities 38,816 0
Impairment of patent-related intangible assets 0 28,210
Other 0 (506)
Changes in assets and liabilities:    
Accounts receivable 31,085 (5,877)
Prepaid expenses and other assets (983) (183)
Accounts payable and accrued expenses 326 1,052
Royalties and contingent legal fees payable (20,414) 3,864
Net cash provided by (used in) operating activities (65,748) 7,499
Cash flows from investing activities:    
Patent acquisition costs (4,420) 0
Sale of investment at fair value (Note 5) 6,260 10,440
(Purchase) Sale of other Investments (Note 5) 2,000 (7,000)
Purchases of available-for-sale investments 0 (65,883)
Maturities and sales of available-for-sale investments 0 32,508
Purchases of property and equipment (119) 0
Net cash provided by (used in) investing activities 3,721 (29,935)
Cash flows from financing activities:    
Repurchase of common stock 0 (4,634)
Repurchase of restricted common stock 0 (229)
Proceeds from exercise of stock options 79 257
Net cash provided by (used in) financing activities 79 (4,606)
Decrease in cash and cash equivalents (61,948) (27,042)
Cash and cash equivalents, beginning 128,809 136,604
Cash and cash equivalents, ending $ 66,861 $ 109,562