XML 19 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 483,819 $ (119,891)
Income (loss) from discontinued operations 547,994 (3,698)
Loss from continuing operations (64,175) (116,193)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 3,352 4,672
Loss on extinguishment of debt 4,887 14,566
Benefit from intraperiod tax allocation (32,372) (9,970)
Depreciation and amortization expense 2,813 4,181
Non-cash activity related to discontinued operations 10,241 9,970
Gain on deconsolidation of Silver Creek Pharmaceuticals, Inc. (10,848)  
Loss (gain) on sale of property and equipment (439) 187
Stock-based compensation expense 11,110 8,251
Changes in operating assets and liabilities:    
Accounts receivable 85 11
Prepaid expenses and other current assets (6,205) 1,087
Income taxes payable 1,844  
Accounts payable, accrued expenses and other (3,140) (4,061)
Deferred rent (334) 493
Net cash used in continuing operations for operating activities (83,181) (86,806)
Net cash used in discontinuing operations for operating activities (37,964) (52,538)
Net cash used in operating activities (121,145) (139,344)
Cash flows from investing activities    
Purchase of property and equipment (729) (2,868)
Proceeds from maturities and sales of available for sale securities   72,160
Proceeds on sale of property and equipment 1,094  
Purchases of available for sale securities   (84,262)
Proceeds from sale of business 575,000  
Changes in restricted cash (60,008)  
Net cash provided by (used in) investing activities 511,355 (14,970)
Cash flows from financing activities    
Proceeds from exercise of options to purchase common stock 6,517 4,007
Repayment of debt (175,000)  
Payment of dividend (140,000)  
Other financing activities, net   (21)
Net cash provided by (used in) financing activities (304,489) 5,171
Net increase (decrease) in cash and cash equivalents 85,721 (149,143)
Cash and cash equivalents, beginning of period 21,524 185,606
Cash and cash equivalents, end of period 107,245 36,463
Non-cash investing and financing activities    
Purchases of property and equipment in accounts payable, accrued expenses and other 159 105
Receivables related to stock option exercises in prepaid expenses and other current assets   39
Receivables related to property and equipment sale in other current assets 145 40
Transaction costs related to conversion of convertible notes due 2020 in accounts payable, accrued expenses and other   148
Principal amount of convertible notes due 2020 converted into shares of common stock   64,209
Supplemental disclosure of cash flows    
Cash paid for income taxes 6,122  
Cash paid for interest 30,250 13,851
Silver Creek Pharmaceuticals Inc [Member]    
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on deconsolidation of Silver Creek Pharmaceuticals, Inc. (10,848)  
Cash flows from investing activities    
Deconsolidation of Silver Creek Pharmaceuticals, Inc. cash (4,002)  
Cash flows from financing activities    
Proceeds from issuance of Series C preferred stock by Silver Creek Pharmaceuticals, Inc., net of issuance costs $ 3,994 $ 1,185