XML 24 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net loss $ (190,274) $ (87,994) $ (85,616)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 24,572 17,743 10,415
Loss on disposal of property, plant and equipment 666 633 208
Unrealized and realized (appreciation) depreciation on equity securities and preferred stock 58,894 (66,876) 10,469
Noncash dividend income (7,421) 0 0
Amortization of discount/premium on investments 1,070 642 1,357
Equity in net loss of affiliates 21,120 8,944 5,260
Stock-based compensation expense 42,202 38,667 21,849
Contribution of services by shareholder 0 0 1,991
Shares issued as payment for services 10,777 2,169 486
Shares issued as consideration for license agreement 0 59,579 0
Provision for bad debts 1,963 1,757 565
Deferred income taxes (3,467) 1,117 0
Other noncash items 1,662 460 723
Changes in operating assets and liabilities:      
Restricted cash (6,987) 0 0
Receivables:      
Trade 2,588 (12,138) 4,332
Related parties 6,804 (11,042) (6,117)
Notes (42) 0 (1)
Other 271 5,286 15
Inventory 3,807 (774) (7,313)
Prepaid expenses and other (932) (2,729) (465)
Other assets 2,189 (2,119) 80
Accounts payable 3,618 (3,263) 1,266
Accrued compensation and benefits (12,402) 10,491 1,587
Other accrued liabilities 9,002 1,593 (586)
Deferred revenue (25,481) 74,434 20,934
Deferred consideration (630) (943) 0
Related party payables 310 (64) (1,137)
Other long term liabilities 146 96 (160)
Net cash provided by (used in) operating activities (55,975) 35,669 (19,858)
Cash flows from investing activities      
Purchases of investments (75,246) (181,572) (60,478)
Sales of investments 0 0 9,100
Maturities of investments 101,987 88,000 122,992
Purchases of equity securities and warrants (2,308) (17,080) (19,496)
Proceeds from sales of equity securities 280 0 0
Acquisitions of businesses, net of cash received 0 (123,928) (67,577)
Acquisition of noncontrolling interest 0 (1,566) 0
Investments in affiliates (11,542) (13,442) (2,875)
Cash paid in asset acquisition (7,244) 0 0
Purchases of property, plant and equipment (31,629) (12,749) (6,371)
Proceeds from sale of property, plant and equipment 274 626 176
Issuances of notes receivable (2,964) (600) (1,500)
Proceeds from notes receivable 0 1,500 0
Net cash used in investing activities (28,392) (260,811) (26,029)
Cash flows from financing activities      
Proceeds from issuance of shares in a private placement 0 0 25,000
Proceeds from issuance of shares in public offerings, net of issuance costs 0 328,234 0
Advances from lines of credit 5,075 15,232 4,676
Repayments of advances from lines of credit (4,816) (16,944) (6,494)
Proceeds from long term debt 547 81 268
Payments of long term debt (1,201) (1,564) (679)
Payments of deferred consideration (6,705) (6,252) 0
Proceeds from stock option exercises 19,165 14,462 1,489
Payment of stock issuance costs 0 0 (256)
Net cash provided by financing activities 12,065 333,249 24,004
Effect of exchange rate changes on cash and cash equivalents (873) 209 (160)
Net increase (decrease) in cash and cash equivalents (73,175) 108,316 (22,043)
Cash and cash equivalents      
Beginning of period 135,782 27,466 49,509
End of period 62,607 135,782 27,466
Supplemental disclosure of cash flow information      
Cash paid during the period for interest 964 1,195 158
Cash paid during the period for income taxes 10 1,165 0
Significant noncash financing and investing activities      
Stock received as consideration for collaboration agreements 18,766 9,149 14,246
Preferred stock received as consideration for collaboration amendments 120,000 0 0
Stock issued in business combinations 0 126,863 51,682
Stock issued to acquire noncontrolling interest 0 9,412 0
Shares issued in asset acquisition 4,401 0 0
Contingent consideration assumed in asset acquisition 3,660 0 0
Shares issued as payment for contingent consideration 1,583 0 0
Noncash dividend to shareholders 0 172,419 0
Deferred consideration payable related to acquisition 0 1,992 20,115
Purchases of equipment included in accounts payable and other accrued liabilities 652 782 790
Transfer of inventory to breeding stock $ 1,191 $ 0 $ 0