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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net (loss) income $ (9,625) $ 6,731
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Loss (gain) on extinguishment and prepayment of debt 0 8,233
Depreciation and amortization 14,286 13,319
Amortization of debt discount, debt issuance costs and royalty rights 118 5,511
Recurring fair value measurement of assets and liabilities 1,602 3,629
Stock-based compensation 1,729 5,527
Provision for inventory and other assets 140 1,808
Other 0 (9)
Changes in assets and liabilities, net of acquisition:    
Accounts receivable (1,118) 29,414
Inventories 4,955 512
Prepaid and other assets 6,640 4,810
Accounts payable and other accrued liabilities (3,933) (13,337)
Accrued rebates, returns and discounts (18,006) (39,757)
Interest payable (50) (7,524)
Net cash used in operating activities (3,262) (45,159)
Investing Activities    
Purchases of property and equipment 0 (9)
Cash acquired in Zyla Merger 0 7,585
Proceeds from sale of investments 0 6,000
Net cash provided by investing activities 0 512,802
Financing Activities    
Payment in connection with Series A-1 and A-2 debt (4,750) 0
Payment of contingent consideration (2,495) 0
Payments on Revolver 0 (10,000)
Payments on Promissory Note 0 (3,000)
Payment of Royalty Rights (498) 0
Proceeds from issuance of common stock 44,861 0
Proceeds from exercise of stock options 193 0
Shares withheld for payment of employee's withholding tax liability (407) (841)
Net cash provided by (used in) financing activities 36,904 (450,347)
Net increase in cash and cash equivalents 33,642 17,296
Cash and cash equivalents at beginning of year 20,786 42,107
Cash and cash equivalents at end of period 54,428 59,403
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 0 396
Cash paid for interest 5,216 11,213
Convertible notes    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Loss (gain) on extinguishment and prepayment of debt 0 47,880
Financing Activities    
Payments in connection with debt settlement and extinguishment 0 (264,731)
Senior Notes    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Loss (gain) on extinguishment and prepayment of debt 0 8,233
Financing Activities    
Payments in connection with debt settlement and extinguishment 0 (171,775)
Gralise    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Gain (loss) on sale 0 (126,655)
Investing Activities    
Proceeds from sale 0 130,261
Gralise | Convertible notes    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Loss (gain) on extinguishment and prepayment of debt 0 47,880
NUCYNTA    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Gain (loss) on sale 0 14,749
Investing Activities    
Proceeds from sale $ 0 $ 368,965