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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net earnings $ 79,927 $ 85,100
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 5,029 5,371
Noncash operating lease cost 2,600  
Amortization of deferred financing costs and debt discount 11,701 8,052
Amortization of premium/discount on marketable securities (3,189) (1,825)
Noncash interest expense 4,331 3,096
Noncash royalty revenue (5,028) (4,300)
Share-based compensation expense 11,223 8,300
Deferred income tax benefit (1,689) (6,233)
Changes in operating assets and liabilities:    
Accounts receivable 16,344 (10,687)
Inventories 155 (6,976)
Prepaid expenses and other current assets (4,236) (2,778)
Other noncurrent assets (141) (342)
Accounts payable (334) 3,066
Accrued product returns and rebates (9,013) 17,627
Accrued expenses and other current liabilities 1,120 5,966
Income taxes payable (7,559) (7,390)
Other liabilities (1,903) 90
Net cash provided by operating activities 99,338 96,137
Cash flows from investing activities    
Purchases of marketable securities (361,121) (491,654)
Sales and maturities of marketable securities 184,467 45,271
Purchases of property and equipment (707) (748)
Deferred legal fees (1) (679)
Net cash used in investing activities (177,362) (447,810)
Cash flows from financing activities    
Proceeds from issuance of convertible notes 0 402,500
Convertible notes issuance financing costs 0 (10,435)
Proceeds from issuance of warrants 0 65,688
Purchases of convertible note hedges 0 (92,897)
Proceeds from issuance of common stock 2,665 10,331
Net cash provided by financing activities 2,665 375,187
Net change in cash and cash equivalents (75,359) 23,514
Cash and cash equivalents at beginning of year 192,248 100,304
Cash and cash equivalents at end of period 116,889 123,818
Supplemental cash flow information    
Cash paid for interest on convertible notes 2,516 0
Income taxes paid 35,933 29,930
Noncash investing and financing activities    
Deferred legal fees and fixed assets included in accounts payable and accrued expenses 495 280
Property and equipment acquired under build-to-suit lease transaction 0 2,304
Interest capitalized during construction period for build-to-suit lease transaction 0 44
Facility lease financing obligation $ 0 $ 2,347