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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net earnings $ 29,420 $ 56,185
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13,213 4,778
Navitor investment R&D expense 15,000 0
Amortization of deferred financing costs and debt discount 8,632 8,179
Realized gains from sales of marketable securities (219) (3,316)
Amortization of premium/discount on marketable securities (2,371) 984
Change in fair value of contingent consideration (7,730) 0
Other noncash adjustments, net (651) 359
Share-based compensation expense 9,847 8,950
Deferred income tax provision (2,046) (3,062)
Changes in operating assets and liabilities:    
Accounts receivable 3,605 (20,431)
Inventories (7,950) 1,955
Prepaid expenses and other assets (18,003) (5,943)
Accrued product returns and rebates 47,406 28,298
Accounts payable and other liabilities (5,679) 23,931
Net cash provided by operating activities 82,474 100,867
Cash flows from investing activities    
Acquisition of USWM, net of cash acquired (950) (297,200)
Investment in Navitor Pharmaceuticals, Inc. 0 (15,000)
Purchases of marketable securities (233,272) (15,382)
Sales and maturities of marketable securities 83,844 257,936
Purchases of property and equipment (1,508) (3,072)
Deferred legal fees (453) (24)
Net cash used in investing activities (152,339) (72,742)
Cash flows from financing activities    
Proceeds from issuance of common stock 4,996 1,469
Net cash provided by financing activities 4,996 1,469
Net change in cash and cash equivalents (64,869) 29,594
Cash and cash equivalents at beginning of year 288,640 181,381
Cash and cash equivalents at end of period 223,771 210,975
Supplemental cash flow information    
Cash paid for interest on convertible notes 1,258 1,258
Cash paid for income taxes 20,696 607
Cash paid for operating leases 4,036 1,991
Noncash investing and financing activities    
Contingent consideration liability accrued in USWM Acquisition 0 115,700
Lease assets obtained for new leases 284 24,738
Deferred legal fees and fixed assets included in accounts payable and accrued expenses $ 0 $ 365