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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 94,603 $ 3,563
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,355 1,365
Stock-based compensation expense 18,980 17,486
Non-cash accretion of discount on marketable securities   (127)
Non-cash interest expense from amortization of debt discount 1,523 1,127
Excess and obsolete inventory   410
Other non-cash adjustments 326 4
Non-cash operating lease expense 1,038 818
Upfront license fee payment to Innovent 5,000  
Changes in operating assets and liabilities:    
Trade receivables, net (30,677) (77,385)
Inventory (25,236) (16,706)
Prepaid manufacturing (5,577) 1,158
Other prepaid and current assets (947) (2,630)
Other assets, non-current (1,275)  
Accounts payable (5,132) 4,074
Accrued rebates, fees and reserve 15,109 20,650
Accrued compensation (2,863) 1,620
Accrued and other liabilities 7,761 1,317
Lease liabilities (320) (1,020)
Other liabilities, non-current   (30)
Net cash provided by (used in) operating activities 73,668 (44,306)
Investing activities    
Purchases of property and equipment (4,167) (517)
Proceeds from disposal of property and equipment 167  
Purchases of investments in marketable securities (231,864) (14,864)
Proceeds from maturities of investments in marketable securities   9,000
Upfront license fee payment to Innovent (5,000)  
Net cash used in investing activities (240,864) (6,381)
Financing activities    
Proceeds from common stock offering, net of underwriters discounts, commissions and offering costs   8,153
Proceeds from issuance of Convertible Notes due 2026, net of issuance costs 222,830  
Purchase of capped call options related to Convertible Notes due 2026 (18,170)  
Proceeds from term loan, net of issuance costs   73,061
Proceeds from issuance of common stock upon exercise of stock options 8,105 1,395
Proceeds from purchase under the employee stock purchase plan 2,557 1,878
Taxes paid related to net share settlement of bonus payout in RSUs (880)  
Other financing activities (97)  
Net cash provided by financing activities 214,345 84,487
Effect of exchange rate changes in cash, cash equivalents and restricted cash   (229)
Net increase in cash, cash equivalents and restricted cash 47,149 33,571
Cash, cash equivalents and restricted cash at beginning of period 177,908 73,191
Cash, cash equivalents and restricted cash at end of period 225,057 106,762
Supplemental disclosure of cash flow information    
Non-cash bonus payment settled in common stock 1,498 $ 1,350
Right-of-use assets obtained in exchange for lease obligations related to operating leases 1,388  
Right-of-use assets obtained in exchange for lease obligations related to finance leases $ 1,528