XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net loss $ (39,615) $ (27,978) $ (40,531)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Share-based compensation expense 3,371 5,001 2,406
Change in fair value of contingent consideration liability 39,913 (1,900) 4,000
Recognition of right to borrow asset (2,800)    
Amortization of debt discount, deferred interest and right to borrow asset 1,079 447 602
Amortization of discount on available-for-sale securities   1 204
Depreciation 3,323 4,336 4,432
(Gain)/loss on disposal of property and equipment (15) (415)  
Changes in operating assets and liabilities:      
Receivables (129) 10,000 (10,000)
Inventory (3,447)    
Prepaid expenses and other current assets (601) (203) 316
Other assets   200 (147)
Accounts payable 1,642 (1,456) 822
Accrued clinical trial expense and other accrued liabilities 1,122 559 (498)
Deferred revenues (2,916) (2,618) 6,303
Other liabilities (1,539) (4,215) (2,335)
Net cash used in operating activities (612) (18,241) (34,426)
Cash flows from investing activities:      
Purchase of available-for-sale securities (19,227)   (28,465)
Maturities of available-for-sale securities 10,650 2,000 54,036
Purchases of property and equipment (1,784) (452) (496)
Proceeds from disposal of property and equipment 16 425  
Net cash provided by (used in) investing activities (10,345) 1,973 25,075
Cash flows from financing activities:      
Proceeds from issuance of common stock, common stock warrants and exercise of stock options and stock purchase rights 6,583 35,242 16,145
Payment of contingent payment to Symphony Allegro Holdings, LLC (10,313) (5,000)  
Change in current restricted cash 5,051 (5,051)  
Proceeds from term loans 15,000    
Payments of term loans (5,773) (6,110) (5,563)
Net cash provided by financing activities 10,548 19,081 10,582
Net increase (decrease) in cash and cash equivalents (409) 2,813 1,231
Cash and cash equivalents at beginning of period 17,715 14,902 13,671
Cash and cash equivalents at end of period 17,306 17,715 14,902
Supplemental disclosures of cash flow information      
Cash paid for interest 863 979 1,631
Non cash investing and financing activities:      
Debt discount related to Teva Note 4,405    
Reversal of Note Payable to Autoliv     $ 1,200