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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net (loss) income $ (8,184) $ 4,986
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 12,407 12,964
Amortization of debt issuance costs and Royalty Rights 215 248
Accretion of interest income from short-term investments (338) 0
Recurring fair value measurements of assets and liabilities 15 9,408
Debt-related expenses 0 9,918
Provisions for inventory and other assets 3,877 1,390
Stock-based compensation 2,615 4,651
Deferred income taxes 0 (1,385)
Changes in assets and liabilities:    
Accounts receivable 7,750 3,749
Inventories (5,271) (6,511)
Prepaid and other assets 3,150 4,289
Accounts payable and other accrued liabilities (1,627) 4,906
Accrued rebates, returns and discounts 286 (6,569)
Interest payable 0 (726)
Net cash provided by operating activities 14,895 41,318
Investing Activities    
Purchases of property and equipment 0 (528)
Purchase of Sympazan 0 (280)
Purchases of short-term investments (43,320) 0
Net cash used in investing activities (43,320) (808)
Financing Activities    
Payments in connection with 2027 Convertible Notes 0 (10,500)
Payment of direct transaction costs related to convertible debt inducement 0 (1,119)
Payment of contingent consideration 0 (15,408)
Payment of Royalty Rights 0 (459)
Proceeds from exercise of stock options 0 157
Payments related to the vesting and settlement of equity awards, net (281) (7,947)
Net cash used in financing activities (281) (35,276)
Net (decrease) increase in cash and cash equivalents (28,706) 5,234
Cash and cash equivalents at beginning of year 73,441 64,941
Cash and cash equivalents at end of period 44,735 70,175
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 1,384 2,295
Cash paid for interest $ 1,300 $ 2,351