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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 (loss) income $ 6,731 $ (27,906)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss on extinguishment of convertible Notes 47,880 0
Loss on prepayment of Senior Notes 8,233 0
Depreciation and amortization 13,319 51,503
Accretion of debt discount and debt issuance costs 5,511 12,220
Recurring fair value measurement of assets and liabilities 3,629 (85)
Stock-based compensation 5,527 5,336
Provision for inventory and other assets 1,808 196
Other (9) 3,150
Changes in assets and liabilities:    
Accounts receivable 29,414 2,900
Inventories 512 195
Prepaid and other assets 4,810 30,492
Accounts payable and other accrued liabilities (13,337) (14,890)
Accrued rebates, returns and discounts (39,757) (11,951)
Interest payable (7,524) (2,451)
Net cash (used in) provided by operating activities (45,159) 48,709
Investing Activities    
Purchases of property and equipment (9) (621)
Cash acquired in Zyla Merger 7,585 0
Proceeds from sale of investments 6,000 0
Purchases of marketable securities 0 (7,864)
Maturities of marketable securities 0 750
Net cash provided by (used in) investing activities 512,802 (7,735)
Financing Activities    
Payments on Revolver (10,000) 0
Proceeds from issuance of common stock 0 183
Shares withheld for payment of employee's withholding tax liability (841) (509)
Net cash used in financing activities (450,347) (83,575)
Net increase (decrease) in cash and cash equivalents 17,296 (42,601)
Cash and cash equivalents at beginning of year 42,107 110,949
Cash and cash equivalents at end of period 59,403 68,348
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 396 420
Cash paid for interest 11,213 21,571
Capital expenditures incurred but not yet paid 0 287
Senior Notes    
Financing Activities    
Payments in connection with debt settlement and extinguishment (171,775) 0
Convertible debt    
Financing Activities    
Payments in connection with debt settlement and extinguishment (264,731) 0
Promissory note    
Financing Activities    
Payments on Promissory Note (3,000) 0
Gralise    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain (loss) on sale (126,655) 0
Investing Activities    
Proceeds from sale 130,261 0
NUCYNTA    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain (loss) on sale 14,749 0
Investing Activities    
Proceeds from sale $ 368,965 $ 0