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Condensed Consolidated Interim Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash used in operating activities    
Loss for the period $ (131,643) $ (195,645)
Adjustments for non-monetary items:    
Share-based compensation expense 41,781 47,016
Impairments of Assets 2,704 0
Depreciation of property, plant and equipment 768 581
Amortization of intangible assets 88 96
Depreciation of right-of-use assets 896 1,194
Gain from reversal of inventory impairment charges 0 (7,049)
Share of results in joint venture 6,549 3,906
Deferred tax asset (7,550) 0
Change in defined benefit pension liability 132 235
Convertible loans, derivatives, decrease in fair value (25,650) (16,279)
Warrant obligations, decrease in fair value (11,961) 0
Financial income  (18,597) (46)
Financial expense 29,230 8,650
Loss on extinguishment (42,114) 0
Exchange differences (322) (311)
Operating loss before working capital changes (71,461) (157,652)
Decrease (increase) in accounts receivable, net 6,936 (15,896)
Decrease (increase) in other current assets (6,145) (959)
Decrease (increase) in other current assets 489 (3,395)
(Decrease) increase in accounts payable (411) 5,055
Increase in income taxes 4,722 492
Increase in other liabilities and other payables 4,681 4,495
Cash used in operating activities (61,189) (167,860)
Interest paid (6,924) (3,475)
Interest received 309 36
Interest expense on lease obligations 144 170
Interest paid under royalty financing transaction (5,656) 0
Taxes paid (11,381) (618)
Net cash used in operating activities (84,697) (171,747)
Cash used in investing activities    
Payment for purchase of property, plant and equipment (473) (3,010)
Payment for purchase of intangible assets (1,708) (2,833)
Payment for deposits (210) 0
Net cash used in investing activities (2,391) (5,843)
Cash (used in) provided by financing activities    
Proceeds from senior secured term loans, net of transaction costs 114,490 0
Proceeds from equity issuance, net of transaction costs 6,192 0
Convertible loans exchange (118,070) 0
Proceeds from convertible loans, net of transaction costs 0 49,591
Proceeds from deferred royalty transaction, net of transaction costs 0 219,251
Proceeds from exercise of options 0 516
Principal portion of lease obligation payments (757) (746)
Net cash provided by financing activities 1,855 268,612
Net (decrease) increase in cash and cash equivalents (85,233) 91,022
Exchange losses on cash and cash equivalents (451) (23)
Cash and cash equivalents at beginning of the period 466,544 439,195
Cash and cash equivalents at end of the period 380,860 530,194
Supplemental Non-Cash Investing Information    
Issuance of shares, Deerfield exchange agreement 19,834 0
Follow-on transaction costs recorded in Accounts payable and Other current liabilities 2,171 0
Capital expenditures and intangible asset acquisitions recorded in Accounts payable 0 455
Deferred royalty obligation transaction costs recorded in Accounts payable $ 0 $ 1,248