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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income (loss) $ (24,575) $ 61,046
Adjustments for non-cash items:    
Depreciation and amortization 77,225 80,729
Accretion of debt discount and debt issuance costs 18,090 16,298
Provision for inventory obsolescence 295 244
Loss on disposal of equipment 10,076 659
Stock-based compensation 8,340 10,275
Change in fair value of contingent consideration (57) (552)
Deferred income tax benefit (5,636) 0
Gain on debt extinguishment (26,385) 0
Change in fair value of warrants 4,900 0
Other (328) 34
Changes in assets and liabilities:    
Accounts receivable (6,216) 28,570
Inventories (213) 8,543
Prepaid and other assets 38,600 (63,039)
Accounts payable and other accrued liabilities 17,381 (28,071)
Accrued rebates, returns and discounts (14,780) (54,915)
Interest payable (4,958) (2,960)
Income taxes payable (9,139) (126)
Net cash provided by (used in) operating activities 82,620 56,735
Investing Activities    
Purchases of property and equipment (1,526) (3,987)
Proceeds from disposal of property and equipment 0 145
Proceeds from sale of other assets 0 80
Investment in convertible instrument 0 (3,000)
Purchases of marketable securities (12,065) 0
Sales of marketable securities 4,209 0
Maturities of marketable securities 7,856 1,200
Net cash (used in) provided by investing activities (1,526) (5,562)
Financing Activities    
Payment of contingent consideration liability 0 (184)
Repayment of Senior Notes (100,000) (57,500)
Fees for modification of Senior Notes (3,249) 0
Payments in connection with debt extinguishment (30,000) 0
Convertible notes issuance costs (4,268) 0
Proceeds from issuance of common stock 183 1,852
Shares withheld for payment of employee's withholding tax liability (528) (321)
Net cash (used in) financing activities (137,862) (56,153)
Net (decrease) in cash and cash equivalents (56,768) (4,980)
Cash and cash equivalents at beginning of year 110,949 126,884
Cash and cash equivalents at end of period 54,181 121,904
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 420 4,871
Cash paid for interest 32,054 38,811
Capital expenditures incurred but not yet paid $ 53 $ 30