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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net (loss) income $ (3,791) $ (24,575)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,468 77,225
Loss on disposal of equipment 0 10,076
Amortization of debt discount, debt issuance costs and royalty rights 5,614 18,090
Recurring fair value measurement of assets and liabilities 5,485 4,843
Stock-based compensation 7,038 8,340
Provision for inventory and other assets 2,561 295
Deferred income tax benefit 0 (5,636)
Other 0 (328)
Changes in assets and liabilities:    
Accounts receivable 24,944 (6,216)
Inventories (792) (213)
Income tax receivable (6,979) 0
Prepaid and other assets 8,816 38,600
Accounts payable and other accrued liabilities (18,447) 17,381
Accrued rebates, returns and discounts (43,265) (14,780)
Interest payable (4,449) (4,958)
Income taxes payable 0 (9,139)
Net cash (used in) provided by operating activities (59,590) 82,620
Investing Activities    
Purchases of property and equipment (10) (1,526)
Cash acquired in Zyla Merger 7,585 0
Proceeds from sale of investments 6,000 0
Purchases of marketable securities 0 (12,065)
Sales of marketable securities 0 4,209
Maturities of marketable securities 0 7,856
Net cash provided by (used in) investing activities 512,801 (1,526)
Financing Activities    
Payment in connection with Series A-1 and A-2 debt (10,000) 0
Payments on Revolver (10,000) 0
Payments on Promissory Note (3,000) 0
Payment of contingent consideration (261) 0
Proceeds from issuance of common stock 0 183
Shares withheld for payment of employee's withholding tax liability (814) (528)
Net cash used in financing activities (460,581) (137,862)
Net decrease in cash and cash equivalents (7,370) (56,768)
Cash and cash equivalents at beginning of year 42,107 110,949
Cash and cash equivalents at end of period 34,737 54,181
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 865 420
Cash paid for interest 12,100 32,054
Convertible notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss (gain) on extinguishment and prepayment of debt 47,880 (26,385)
Financing Activities    
Payments in connection with debt settlement and extinguishment (264,731) (30,000)
Payments of issuance costs and fees for modification of debt 0 (4,268)
Senior Notes    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss (gain) on extinguishment and prepayment of debt 8,233 0
Financing Activities    
Payments in connection with debt settlement and extinguishment (171,775) (100,000)
Payments of issuance costs and fees for modification of debt 0 (3,249)
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