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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ (4,146) $ 3,252
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 206 291
Stock-based compensation 3,584 4,351
Amortization of premiums and accretion of discounts on marketable securities (1,466) (2,288)
Loss on sale of marketable securities 0 655
Intangible asset amortization 2,018 379
Deferred income taxes (246) 2,014
Other non-cash adjustments, net 641 1,109
Changes in operating assets and liabilities:    
Accounts receivable (2,587) 8,901
Prepaid expenses and other assets 1,781 11,345
Inventory 29 74
Accounts payable and other liabilities 1,165 (10,791)
Product revenue allowances 6,590 12,511
Net cash provided by operating activities 7,569 31,803
Cash flows from investing activities    
Asset acquisition (2,705) 0
Purchases of property and equipment (7) (51)
Purchases of marketable securities (76,006) (163,045)
Sales and maturities of marketable securities 60,500 350,390
Net cash provided by (used in) investing activities (18,218) 187,294
Effect of exchange rate changes on cash, cash equivalents and restricted cash (14) 45
Net change in cash, cash equivalents and restricted cash (10,663) 219,142
Cash, cash equivalents and restricted cash    
Beginning of period 136,290 135,498
End of period $ 125,627 $ 354,640