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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ 131,066 $ (2,807)
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 15,445 14,615
Impairment of long-lived assets 0 132,052
Amortization of debt related costs 1,073 1,082
Changes in fair value of contingent assets and liabilities 0 (1,400)
Provision for excess and obsolete inventory 2,757 680
Stock-based compensation 15,384 9,667
Gain on disposal of assets (6,254) 0
Unrealized gain on investment in equity securities (60,704) 0
Charges incurred in connection with acquired IPR&D 28,000 0
Deferred taxes 11,260 (35,863)
Long-term indemnification receivable 0 (96)
Long-term income tax payable and other long-term liabilities 439 123
Other 1,696 1,225
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable (55,440) (24,681)
Inventory (8,494) (7,124)
Other current assets 4,023 2,479
Accounts payable (3,462) 6,747
Accrued expenses and other liabilities 50,449 11,801
Net cash provided by operating activities 127,238 108,500
Investing activities    
Capital expenditures (8,273) (9,168)
Acquisition of assets, net 0 (35,345)
Proceeds from sale of assets 8,000 0
Purchases of investment in equity securities (78,256) 0
Acquisition of exclusive license option (28,000) 0
Net cash used in investing activities (106,529) (44,513)
Financing activities    
Payments on long-term debt and other borrowings (184) (297)
Proceeds from stock option exercises 934 1,842
Proceeds from issuance of common stock 1,823 940
Payments for minimum statutory tax withholding related to net share settlement of equity awards (19,418) (11,154)
Net cash used in financing activities (16,845) (8,669)
Effect of foreign exchange rates on cash, cash equivalents and restricted cash 770 (98)
Net increase in cash, cash equivalents and restricted cash 4,634 55,220
Cash, cash equivalents and restricted cash, beginning of period 715,285 417,241
Cash, cash equivalents and restricted cash, end of period 719,919 472,461
Reconciliation to amounts within the condensed consolidated balance sheets    
Cash and cash equivalents 718,279 470,863
Restricted cash included in other long-term assets 1,640 1,598
Cash, cash equivalents and restricted cash at end of period 719,919 472,461
Schedule of non-cash investing and financing activities    
Additions of property, plant and equipment included in liabilities 6,853 8,443
Lease liability settled through transfer of lease $ 376 $ 0