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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net earnings $ 50,982 $ 96,182
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19,888 12,621
Navitor investment R&D expense 15,000 0
Amortization of deferred financing costs and debt discount 13,037 12,351
Realized gains from sales of marketable securities (221) (3,636)
Amortization of premium/discount on marketable securities (845) (3,217)
Change in fair value of contingent consideration (7,650) 200
Other noncash adjustments, net (22) 794
Share-based compensation expense 13,874 13,440
Deferred income tax provision (479) (280)
Changes in operating assets and liabilities:    
Accounts receivable 7,352 (26,840)
Inventories (9,331) (5,437)
Prepaid expenses and other assets (13,351) (11,734)
Accrued product returns and rebates 5,856 21,166
Accounts payable and other liabilities (15,726) 856
Net cash provided by operating activities 78,364 106,466
Cash flows from investing activities    
Purchases of marketable securities (307,634) (87,890)
Sales and maturities of marketable securities 152,546 319,421
Purchase of property and equipment and deferred legal fees paid (2,005) (3,375)
Acquisition of USWM, net of cash acquired (950) (297,200)
Investment in Navitor Pharmaceuticals, Inc. 0 (15,000)
Net cash used in investing activities (158,043) (84,044)
Cash flows from financing activities    
Proceeds from issuance of common stock 5,520 1,546
Proceeds from governmental loan and grant 800 0
Payments on finance lease liability 0 (1,056)
Net cash provided by financing activities 6,320 490
Net change in cash and cash equivalents (73,359) 22,912
Cash and cash equivalents at beginning of year 288,640 181,381
Cash and cash equivalents at end of period 215,281 204,293
Supplemental cash flow information    
Cash paid for interest on convertible notes 1,887 2,516
Cash paid for income taxes 25,111 42,284
Cash paid for operating leases 7,613 5,152
Noncash investing and financing activities    
Contingent consideration liability accrued in USWM Acquisition 0 115,900
Lease assets and tenant receivable obtained for new leases 4,120 25,225
Deferred legal fees and fixed assets included in accounts payable and accrued expenses $ 186 $ 352