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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income (loss) $ (120,434) $ 85
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Accretion of debt discount 1,298 3,413
Change in fair value of financial instruments 22,669 (17,700)
Gain from pre-existing settlement   (80,229)
Gain from extinguishment of debt (13,869)  
Change in fair value of contingent consideration 1,600 1,000
Amortization of intangible assets 5,953 1,408
Depreciation 344 310
Stock-based compensation 8,525 7,894
Unrealized foreign currency gain (10,968) (1,301)
Other non-cash adjustments 23 474
Changes in operating assets and liabilities:    
Accounts receivable, net (17,882) 4,731
Inventory 7,635 618
Prepaid expenses and other current assets (324) (3,826)
Other assets 2,358 (2,150)
Accounts payable and accrued expenses 10,529 13,060
Deferred revenue (3,794) (3,643)
Deferred rent and lease incentives   (150)
Net cash used in operating activities (106,337) (76,006)
Investing activities    
Purchases of investment securities, available-for-sale (89,962) (23,600)
Maturities of investment securities, available-for-sale 76,498 80,605
Restricted cash and investments 90,000 (165,229)
Purchase of Contrave - net (3,414) (60,435)
Purchase of property and equipment   (286)
Net cash provided by (used) in investing activities 73,122 (168,945)
Financing activities    
Payment for conversions of 2017 Exchange Notes (1,375)  
Contingent payment to Takeda (12,900)  
Proceeds from convertible debt issuance   120,000
Proceeds from issuance of warrants   41,000
Proceeds from issuance of Series Z Preferred Stock   3,343
Proceeds from issuance of common stock 438 139
Net cash provided by (used in) financing activities (13,837) 164,482
Effect of exchange rate changes on cash 135 (526)
Net decrease in cash and cash equivalents (46,917) (80,995)
Cash and cash equivalents at beginning of period 92,494 155,422
Cash and cash equivalents at end of period 45,577 74,427
Supplemental disclosure of non-cash financing information:    
Interest paid 1,000  
Conversions of 2017 Exchange Notes 4,689  
Liability incurred to acquire Contrave   $ 5,442
Taxes paid $ 175