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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net earnings $ 56,185 $ 51,067
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 8,950 7,309
Depreciation and amortization 5,044 3,355
Amortization of premium/discount on marketable securities 984 (1,625)
Amortization of deferred financing costs and debt discount 8,179 7,748
Realized gains from sales of marketable securities (3,316) (93)
Noncash interest expense 2,870 2,851
Noncash royalty revenue (3,918) (3,368)
Noncash operating lease cost 1,842 1,230
Deferred income tax benefit (3,062) 861
Changes in operating assets and liabilities:    
Accounts receivable (20,431) 18,439
Inventories 1,689 (365)
Prepaid expenses and other current assets (4,767) (3,581)
Other noncurrent assets (1,176) (140)
Accounts payable (7,199) 886
Accrued product returns and rebates 28,298 (11,129)
Accrued expenses and other current liabilities 10,913 (1,307)
Income taxes payable 22,513 (9,703)
Other liabilities (2,731) (755)
Net cash provided by operating activities 100,867 61,680
Cash flows from investing activities    
Acquisition of USWM, net of cash acquired (297,200) 0
Investment in Navitor Pharmaceuticals, Inc. (15,000) 0
Purchases of marketable securities (15,382) (264,926)
Sales and maturities of marketable securities 257,936 96,165
Purchases of property and equipment (3,072) (245)
Deferred legal fees (24) (1)
Net cash used in investing activities (72,742) (169,007)
Cash flows from financing activities    
Proceeds from issuance of common stock 1,469 2,423
Net cash provided by financing activities 1,469 2,423
Net change in cash and cash equivalents 29,594 (104,904)
Cash and cash equivalents at beginning of year 181,381 192,248
Cash and cash equivalents at end of period 210,975 87,344
Supplemental cash flow information    
Cash paid for interest on convertible notes 1,258 1,258
Income taxes paid 607 24,795
Noncash investing and financing activities    
Contingent consideration liability accrued in USWM Acquisition 115,700 0
Deferred legal fees and fixed assets included in accounts payable and accrued expenses 365 280
Property and equipment additions from utilization of tenant improvement allowance 0 431
Lease assets and tenant receivable obtained for new leases $ 24,738 $ 31,727