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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (20,521) $ (48,214)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization expense for Nucynta asset acquisition 11,064 94,340
Depreciation and amortization, excluding Nucynta asset acquisition 535 732
Stock-based compensation expense 12,562 10,180
Non-cash lease expense 409  
Non-cash interest expense for Nucynta asset acquisition   17,112
Changes in operating assets and liabilities:    
Accounts receivable (6,434) (56,564)
Inventory (943) (1,193)
Prepaid expenses and other assets 2,314 1,523
Accounts payable (169) 5,995
Accrued expenses (7,228) 11,181
Accrued rebates, returns and discounts 20,480 92,010
Operating lease assets and liabilities 734  
Other long-term liabilities (676)  
Net cash provided by operating activities 12,127 127,102
Investing activities    
Upfront cash paid for Nucynta asset acquisition   (18,877)
Purchases of property and equipment (5,549) (3,704)
Net cash used in investing activities (5,549) (22,581)
Financing activities    
Cash paid for common stock offerings costs   (30)
Proceeds from issuances of common stock from employee stock purchase plans 817 1,117
Proceeds from term loan amendment, net of repayment of amended term loan   10,021
Repayment of asset acquisition obligations   (98,250)
Proceeds from the exercise of stock options 531 4,087
Payments made for employee restricted stock tax withholdings (721) (470)
Net cash provided by (used in) financing activities 627 (83,525)
Net increase in cash, cash equivalents and restricted cash 7,205 20,996
Cash, cash equivalents and restricted cash at beginning of period 146,633 118,794
Cash, cash equivalents and restricted cash at end of period 153,838 139,790
Supplemental disclosure of cash flow information    
Cash paid for offering costs   30
Cash paid for interest 543 409
Supplemental disclosure of non-cash activities    
Receivable from stock option exercises in other current assets 5  
Acquisition of property and equipment in accounts payable and accrued expenses 552 1,456
Operating lease assets assumed 9,957  
Operating lease liabilities assumed $ 10,691  
Liabilities assumed from Nucynta asset acquisition included in accrued rebates, returns and discounts   22,406
Liabilities assumed from Nucynta asset acquisition included as a reduction to accounts receivable   $ 254