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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 223,281 $ 147,252
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 45,028 36,048
Impairment of long-lived assets 138,050 0
Asset retirement obligation acceleration 0 1,229
Amortization of debt related costs 3,227 737
Changes in fair value of contingent assets and liabilities (9,475) 25,400
Provision for excess and obsolete inventory 5,251 4,980
Stock-based compensation 36,335 21,138
Gain on sale of RELISTOR licensed intangible asset associated with net sales royalties (51,789) 0
Deferred taxes (57,649) 14,461
Long-term indemnification receivable 3,929 668
Long-term income tax payable and other long-term liabilities (2,744) (538)
Other 3,118 3,188
(Decreases) increases in cash from operating assets and liabilities:    
Accounts receivable (43,044) (112,031)
Inventory (25,995) (4,666)
Other current assets 2,496 314
Other long-term assets 0 (533)
Accounts payable 12,150 8,409
Accrued expenses and other liabilities (89,196) 30,374
Net cash provided by operating activities 192,973 176,429
Investing activities    
Capital expenditures (34,486) (13,623)
Proceeds from sale of assets, net 97,839 1,800
Acquisition of assets, net (45,345) 0
Net cash provided by (used in) investing activities 18,008 (11,823)
Financing activities    
Payments on long-term debt and other borrowings (685) (7,891)
Contingent value rights settlement (3,700) 0
Proceeds from stock option exercises 3,462 7,538
Proceeds from issuance of common stock 1,933 1,375
Payments for minimum statutory tax withholding related to net share settlement of equity awards (13,621) (7,171)
Net cash used in financing activities (12,612) (6,149)
Effect of foreign exchange rates on cash, cash equivalents and restricted cash 139 (266)
Net increase in cash, cash equivalents and restricted cash 198,508 158,191
Cash, cash equivalents and restricted cash, beginning of period 417,241 100,651
Cash, cash equivalents and restricted cash, end of period 615,749 258,842
Reconciliation to amounts within the condensed consolidated balance sheets    
Cash and cash equivalents 614,131 257,259
Restricted cash included in other long-term assets 1,618 1,583
Cash, cash equivalents and restricted cash at end of period 615,749 258,842
Schedule of non-cash investing and financing activities    
Additions of property, plant and equipment included in liabilities 8,573 2,303
Right-of-use asset obtained in exchange for operating lease liabilities $ 29,625 $ 0