CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2017

CASH FLOW INFORMATION

CASH FLOW INFORMATION

2. CASH FLOW INFORMATION

The Company excluded from cash flows from investing and financing activities in the condensed consolidated statements of cash flows items included in accounts payable and accrued expenses for accrued milestone and supervision payments of $0 and $4.9 million for the periods ended March 31, 2017 and December 31, 2016, respectively. Capitalized interest amounted to $1.4 million for the three months ended March 31, 2017, of which $0.7 million has not been paid out as of March 31, 2017 (which is included in long‑term debt in the condensed consolidated balance sheet). Capitalized interest amounted to $9.8 million for the three months ended March 31, 2016.