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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (17,332) $ (40,506)
Income from discontinued operations 3,935 20,261
Loss from continuing operations (21,267) (60,767)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 141 240
Purchased premiums and interest on marketable securities   (2)
Amortization and accretion on marketable securities (292) (651)
Loss on extinguishment of debt 971  
Non-cash activity related to discontinued operations   (171)
Benefit from intra-period tax allocation (1,500) (7,695)
Loss on disposal of property and equipment   167
Gain on sale of property and equipment (1,984)  
Gain on sale of in progress research and development asset (3,500)  
Depreciation and amortization expense 2,228 4,074
Stock-based compensation expense 2,371 3,050
(Gain) loss on equity method investment (372) 3,123
Changes in operating assets and liabilities:    
Accounts receivable   100
Prepaid expenses and other assets 3,917 (993)
Accounts payable, accrued expenses and other (12,081) (3,801)
Deferred rent   (2,262)
Net cash used in operating activities (31,368) (65,588)
Cash flows from investing activities    
Purchase of marketable securities   (103,055)
Proceeds from sales and maturities of marketable securities 51,500 52,500
Purchase of property and equipment   (118)
Proceeds from sale of in progress research and development asset 3,500  
Proceeds from sale of equity method investment 7,800  
Proceeds from sale of property and equipment 2,025 75
Proceeds from sale of a discontinued operation 5,000 28,000
Net cash provided by (used in) investing activities 69,825 (22,598)
Cash flows from financing activities    
Proceeds from exercise of options 145  
Proceeds from issuance of note payable, net of issuance costs   14,632
Repayment of debt (15,000)  
Payment of debt extinguishment costs (985)  
Payment of dividends (26,700)  
Net cash (used in) provided by financing activities (42,540) 14,632
Net decrease in cash, cash equivalents and restricted cash (4,083) (73,554)
Cash, cash equivalents and restricted cash, beginning of period 20,663 94,217
Cash, cash equivalents and restricted cash, end of period 16,580 20,663
Supplemental disclosure of cash flows    
Cash paid for income taxes   390
Cash paid for interest $ 1,400 $ 586