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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net earnings $ 96,182 $ 79,927
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 13,440 11,223
Depreciation and amortization 12,621 5,029
Amortization of premium/discount on marketable securities (3,217) (3,058)
Amortization of deferred financing costs and debt discount 12,351 11,701
Realized gains from sales of marketable securities (3,636) (131)
Change in fair value of contingent consideration 200 0
Noncash interest expense 4,515 4,331
Noncash royalty revenue (6,320) (5,028)
Noncash operating lease cost 2,599 2,600
Deferred income tax benefit (280) (1,689)
Changes in operating assets and liabilities:    
Accounts receivable (26,840) 16,344
Inventories (5,437) 155
Prepaid expenses and other current assets (9,318) (4,236)
Other noncurrent assets (2,416) (141)
Accounts payable (1,527) (334)
Accrued product returns and rebates 21,166 (9,013)
Accrued expenses and other current liabilities 8,410 1,120
Income taxes payable (2,538) (7,559)
Other liabilities (3,489) (1,903)
Net cash provided by operating activities 106,466 99,338
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 (87,890) (361,121)
Sales and maturities of marketable securities 319,421 184,467
Purchases of property and equipment (3,234) (707)
Deferred legal fees (141) (1)
Net cash used in investing activities (84,044) (177,362)
Cash flows from financing activities    
Payments on finance lease liability (1,056) 0
Proceeds from issuance of common stock 1,546 2,665
Net cash provided by financing activities 490 2,665
Net change in cash and cash equivalents 22,912 (75,359)
Cash and cash equivalents at beginning of year 181,381 192,248
Cash and cash equivalents at end of period 204,293 116,889
Supplemental cash flow information    
Cash paid for interest on convertible notes 2,516 2,516
Cash paid for income taxes 42,284 35,933
Noncash investing and financing activities    
Contingent consideration liability accrued in USWM Acquisition 115,900 0
Deferred legal fees and fixed assets included in accounts payable and accrued expenses 352 495
Property and equipment additions from utilization of tenant improvement allowance 0 387
Lease assets and tenant receivable obtained for new leases $ 25,225 $ 31,856