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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net income (loss) $ 7,684 $ (35,053)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Stock-based compensation 9,587 6,993
Deferred taxes (137) (11,378)
Depreciation and amortization 29,390 28,731
Non-cash operating lease expense 61 0
Non-cash interest 1,973 1,969
Contingent consideration fair value adjustment 1,996 (342)
Asset impairment charges 0 575
Gain on sale of ANDAs 0 (750)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (7,486) (21,884)
Inventories 1,032 (10,852)
Prepaid expenses and other current assets 1,449 1,563
Accounts payable (800) 4,047
Accrued royalties (577) 70
Current income taxes payable, net (261) 1,654
Accrued government rebates (1,099) 3,948
Returned goods reserve (3,601) (903)
Accrued expenses, accrued compensation, and other 2,839 1,186
Net Cash and Cash Equivalents Provided by (Used in) Operating Activities 42,050 (30,426)
Cash Flows From Investing Activities    
Acquisition of Novitium Pharma LLC, net of cash acquired 0 (33)
Acquisition of product rights, IPR&D, and other related assets (4,329) (229)
Acquisition of property and equipment, net (4,850) (3,270)
Proceeds from the sale of long-lived assets 0 750
Net Cash and Cash Equivalents Used in Investing Activities (9,179) (2,782)
Cash Flows From Financing Activities    
Payments on borrowings under credit agreements (1,500) (1,500)
Series A convertible preferred stock dividends paid (813) (812)
Proceeds from stock option exercises and ESPP purchases 1,446 206
Proceeds from public offering 80,555 0
Treasury stock purchases for restricted stock vests (4,086) (1,601)
Net Cash and Cash Equivalents Provided by (Used in) Financing Activities 75,602 (3,707)
Net Change in Cash, Cash Equivalents, and Restricted Cash 108,473 (36,915)
Cash, cash equivalents, and restricted cash, beginning of period 53,234 105,301
Cash, cash equivalents, and restricted cash, end of period 161,707 68,386
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period    
Cash and cash equivalents 161,707 63,385
Restricted cash 0 5,001
Cash, cash equivalents, and restricted cash, end of period 161,707 68,386
Supplemental disclosure for cash flow information:    
Cash paid for interest, net of amounts capitalized 15,456 11,400
Cash paid for income taxes 141 124
Right-of-use assets obtained in exchange for lease obligations 4,499 0
Supplemental non-cash investing and financing activities:    
Property and equipment purchased and included in accounts payable $ 539 $ 779