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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net loss $ (11,105) $ (274,558)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 19,118 23,321
Amortization of debt issuance costs and Royalty Rights 326 350
Accretion of interest income from short-term investments (538) 0
Loss on impairment of intangible assets 0 238,831
Recurring fair value measurements of assets and liabilities 269 (7,612)
Debt-related expenses 0 9,918
Provisions for inventory and other assets 4,982 2,129
Stock-based compensation 3,911 6,516
Deferred income taxes 0 47,192
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 2,719 33,865
Inventories (7,084) (8,898)
Prepaid and other assets 5,822 6,769
Accounts payable and other accrued liabilities (5,255) (21,523)
Accrued rebates, returns and discounts 2,345 (11,027)
Interest payable (650) (1,376)
Net cash provided by operating activities 14,860 43,897
Investing Activities    
Purchases of property and equipment 0 (528)
Purchase of Sympazan 0 (280)
Net cash acquired in Spectrum Merger 0 1,950
Proceeds from sale of short-term investments 0 2,194
Proceeds from maturities of short-term investments 23,534 0
Purchases of short-term investments (73,563) 0
Net cash (used in) provided by investing activities (50,029) 3,336
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)
Payments related to the vesting and settlement of equity awards, net (291) (7,770)
Other financing activities 0 (489)
Net cash used in financing activities (291) (35,286)
Net (decrease) increase in cash and cash equivalents (35,460) 11,947
Cash and cash equivalents at beginning of year 73,441 64,941
Cash and cash equivalents at end of period 37,981 76,888
Supplemental Disclosure of Cash Flow Information    
Net cash paid for income taxes 1,388 3,424
Cash paid for interest $ 2,600 $ 3,651