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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net (loss) income $ (45,070) $ 37,139
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Non-cash PDL royalty revenue   (95,852)
Non-cash interest expense on PDL liability   14,646
Depreciation and amortization 57,930 9,063
Accretion of debt discount 11,456 825
Amortization of investments 391 262
Provision for inventory obsolescence 1,159  
Loss on disposal of property and equipment 45 17
Stock-based compensation 9,697 6,497
Change in fair value of contingent consideration and unfavorable contract (2,733) 1,784
Deferred income taxes (benefit) provision (13,238) 31,173
Excess tax benefit from stock-based compensation (4,011) (2,152)
Changes in assets and liabilities:    
Accounts receivable (41,352) (1,133)
Receivables from collaborative partners 181  
Inventories 7,533 2,853
Prepaid and other assets (2,208) (972)
Income taxes receivable (15,598) (6,246)
Accounts payable and other accrued liabilities 104,575 5,432
Interest payable 13,836  
Accrued compensation 3,246 (416)
Income taxes payable   (59,722)
Deferred revenue   (2,281)
Net cash provided by (used in) operating activities 85,839 (59,083)
Investing Activities    
Purchases of property and equipment (1,162) (853)
Business acquisition (Note 13) (1,050,000)  
Purchases of marketable securities (62,153) (6,703)
Maturities of marketable securities 72,505 24,845
Net cash (used in) provided by investing activities (1,040,810) 17,289
Financing Activities    
Proceeds from the issuance of Senior Notes 562,063 345,000
Senior Notes issuance costs (511) (10,561)
Proceeds from issuance of common stock 8,240 7,227
Excess tax benefit from stock-based compensation 4,011 2,152
Net cash provided by financing activities 573,803 343,818
Net decrease in cash and cash equivalents (381,168) 302,024
Cash and cash equivalents at beginning of period 488,668 244,674
Cash and cash equivalents at end of period 107,500 546,698
Cash paid during the period for:    
Taxes, net of refunds 77 58,800
Interest $ 23,715  
Convertible debt issuance costs included in account payable and other accrued liabilities   $ 214