XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net (loss) income $ (40,506) $ 470,868
Income from discontinued operations, net of tax 20,261 546,872
Loss from continuing operations (60,767) (76,004)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 240 3,678
Purchased premiums and interest on marketable securities (2)  
Amortization and accretion on marketable securities (651)  
Loss on extinguishment of debt   25,326
Non-cash activity related to discontinued operations (171) 17,282
Benefit from intra period tax allocation (7,695) (42,399)
Loss on disposal of property and equipment 167  
Gain on sale of property and equipment   (439)
Depreciation and amortization expense 4,074 5,221
Stock-based compensation expense 3,050 12,788
Loss on equity method investment 3,123 849
Gain on deconsolidation of Silver Creek Pharmaceuticals, Inc.   (10,848)
Changes in operating assets and liabilities:    
Accounts receivable 100 175
Prepaid expenses and other assets (993) (8,476)
Accounts payable, accrued expenses and other (3,801) (9,278)
Deferred rent (2,262) (2,021)
Net cash used in continuing operations for operating activities (65,588) (84,146)
Net cash used in discontinued operations for operating activities   (41,665)
Net cash used in operating activities (65,588) (125,811)
Cash flows from investing activities    
Purchase of marketable securities (103,055)  
Proceeds from sales and maturities of marketable securities 52,500  
Purchase of property and equipment (118) (915)
Proceeds on sale of property and equipment 75 1,094
Proceeds from sale of a discontinued operation 28,000 580,714
Net cash (used in) provided by continuing operations for investing activities (22,598) 576,891
Cash flows from financing activities    
Payment of debt extinguishment costs   (20,124)
Proceeds from exercise of options and warrants to purchase common stock   6,917
Proceeds from issuance of note payable, net of issuance costs 14,632  
Repayment of debt   (229,662)
Payment of dividend   (140,000)
Other financing activities, net   (288)
Net cash provided by (used in) financing activities 14,632 (379,163)
Net (decrease) increase in cash, cash equivalents and restricted cash (73,554) 71,917
Cash, cash equivalents and restricted cash, beginning of period 94,217 22,300
Cash, cash equivalents and restricted cash, end of period 20,663 94,217
Non-cash investing and financing activities    
Purchases of property and equipment in accounts payable, accrued expenses and other   14
Supplemental disclosure of cash flows    
Cash paid for income taxes 390 7,926
Cash paid for interest 586 30,966
Silver Creek Pharmaceuticals Inc [Member]    
Adjustments to reconcile net loss to net cash used in operating activities    
Loss on equity method investment $ (3,100) (800)
Gain on deconsolidation of Silver Creek Pharmaceuticals, Inc.   (10,848)
Cash flows from investing activities    
Deconsolidation of Silver Creek Pharmaceuticals, Inc.   (4,002)
Cash flows from financing activities    
Proceeds from issuance of preferred stock by Silver Creek Pharmaceuticals, Inc.   $ 3,994