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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities    
Net income (loss) $ 17,624 $ (43,653)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Stock-based compensation 15,031 10,862
Deferred taxes (3,394) (13,628)
Depreciation and amortization 44,597 44,081
Acquired in-process research and development ("IPR&D") 0 1,151
Non-cash operating lease expense 888 0
Non-cash interest 2,970 2,963
Contingent consideration fair value adjustment (559) 2,134
Asset impairment charges 0 574
Gain on sale of ANDAs 0 (750)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (13,404) (11,907)
Inventories (1,236) (14,164)
Prepaid expenses and other current assets (636) 2,617
Accounts payable 4,772 (5,027)
Accrued royalties (2,668) 360
Current income taxes payable, net 4,426 (111)
Accrued government rebates (51) 3,253
Returned goods reserve (1,961) (1,818)
Accrued expenses, accrued compensation, and other 7,820 (3,740)
Net Cash and Cash Equivalents Provided by (Used in) Operating Activities 74,219 (26,803)
Cash Flows From Investing Activities    
Acquisition of Novitium Pharma LLC, net of cash acquired 0 (33)
Acquisition of product rights, intangible assets, and other related assets (7,143) (7,575)
Acquisition of property and equipment, net (6,589) (5,738)
Proceeds from the sale of long-lived assets 0 750
Net Cash and Cash Equivalents Used in Investing Activities (13,732) (12,596)
Cash Flows From Financing Activities    
Payments on borrowings under credit agreements (2,250) (2,250)
Series A convertible preferred stock dividends paid (1,219) (1,218)
Proceeds from stock option exercises and ESPP purchases 7,027 690
Proceeds from public offering, net of transaction expenses 80,555 0
Treasury stock purchases for restricted stock vests (4,756) (1,840)
Net Cash and Cash Equivalents Provided by (Used in) Financing Activities 79,357 (4,618)
Net Change in Cash, Cash Equivalents, and Restricted Cash 139,844 (44,017)
Cash, cash equivalents, and restricted cash, beginning of period 53,234 105,301
Cash, cash equivalents, and restricted cash, end of period 193,078 61,284
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period    
Cash and cash equivalents 193,078 56,281
Restricted cash 0 5,003
Cash, cash equivalents, and restricted cash, end of period 193,078 61,284
Supplemental disclosure for cash flow information:    
Cash paid for interest, net of amounts capitalized 23,426 14,028
Cash paid for income taxes 930 156
Right-of-use assets obtained in exchange for lease obligations 4,499 0
Supplemental non-cash investing and financing activities:    
Acquisition of product rights included in accounts payable 0 1,000
Property and equipment purchased and included in accounts payable $ 247 $ 204