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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net (loss) income $ (59,664) $ (6,434) $ 118,350
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 343 54 707
Stock based compensation expense 1,599 366 2,542
Gain on sale of asset, net (1) 0 (127,474)
Impairment Loss 25,990 0 0
Changes in operating assets and liabilities:      
Accounts receivable (286) 19 (123)
Income tax receivable 0 2,023 (2,023)
Prepaid expenses and other assets (214) (78) 0
Accounts payable 884 (2,750) (85)
Accrued expenses 667 (1,126) (874)
Accrued lease expenses 1,201 0 0
Accrued compensation (322) 201 214
Deferred revenue (402) 4 96
Restricted stock unit liability 0 0 (113)
Asset retirement obligation 0 0 (2,217)
Interest payable 0 (1) (12)
Net cash (used in) provided by operating activities (30,205) (7,722) (11,012)
Investing activities      
Cash consideration for merger, net of cash acquired 0 (6,733) 0
Cash received from asset sale 0 0 127,474
Purchase of fixed assets (979) 0 0
Sales of short-term investments 36,500 115,153 0
Purchases of short-term investments (1,161) (102,462) (108,744)
Net cash provided by (used in) investing activities 34,360 5,958 18,730
Financing activities      
Payments on capital lease obligations (82) (6) 0
Repayment of convertible notes 0 (231) (1,246)
Proceeds from issuance of common stock 32 0 580
Warrants converted into shares 0 0 3,491
Other 0 4 52
Net cash (used in) provided by financing activities (50) (233) 2,877
Increase (decrease) in cash and cash equivalents 4,105 (1,997) 10,595
Cash and cash equivalents at beginning of period 10,743 12,740 2,145
Cash and cash equivalents at end of period 14,848 10,743 12,740
Supplemental disclosures of cash flow information      
Cash paid for interest 10 0 82
Cash paid (received) for taxes, net 0 (1,884) 2,795
Supplemental disclosures of non-cash investing and financing activities      
Purchase of capital leases 198 0 0
Unrealized (loss) gain on investments (543) 548 445
Accretion of beneficial conversion charge $ (9,175) $ 0 $ 0