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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (52,501) $ (13,297)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,910 2,833
Amortization of acquired intangible asset 420  
Share-based compensation expense 7,279 6,806
Change in fair value of note hedge warrants 20,187 (7,135)
Change in fair value of convertible note hedges (17,988) 8,778
Write-down of excess non-cancelable ZURAMPIC sample purchase commitments 1,353  
(Gain) loss on facility subleases (1,579) 3,480
Accretion of discount/premium on investment securities 105 340
Non-cash interest expense 3,877 3,572
Non-cash change in fair value of contingent consideration 1,614  
Loss on extinguishment of debt 2,009  
Changes in assets and liabilities:    
Accounts receivable and related party accounts receivable 13,707 1,500
Prepaid expenses and other current assets 372 (1,093)
Inventory 71  
Other assets 201 385
Accounts payable, related party accounts payable and accrued expenses (5,238) (8,104)
Accrued research and development costs (1,831) 2,380
Deferred revenue 741 320
Deferred rent (3,555) (604)
Net cash (used in) provided by operating activities (27,846) 161
Cash flows from investing activities:    
Purchases of available-for-sale securities (44,777) (52,629)
Sales and maturities of available-for-sale securities 133,830 76,985
Purchases of property and equipment (1,037) (1,008)
Proceeds from sale of property and equipment 43  
Net cash provided by investing activities 88,059 23,348
Cash flows from financing activities:    
Proceeds from issuance of 2026 Notes, net of discount to lender 146,250  
Costs associated with issuance of 2026 Notes (209)  
Proceeds from exercise of stock options and employee stock purchase plan 8,171 1,841
Payments on capital leases (796) (413)
Principal payments on PhaRMA notes (134,258) (5,298)
Payments on contingent purchase price consideration (56)  
Net cash provided by (used in) financing activities 19,102 (3,870)
Net increase in cash and cash equivalents 79,315 19,639
Cash and cash equivalents, beginning of period 54,004 261,287
Cash and cash equivalents, end of period $ 133,319 $ 280,926