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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (154,626) $ (40,540)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 3,623 3,298
Non-cash operating lease cost 1,304 987
Non-cash interest expense and amortization of debt issuance costs 776 2,906
Payment on notes attributed to accreted interest related to the debt discounts   (6,788)
Acquired in-process research and development   12,271
Impairment of in-process research and development 11,900  
Stock-based compensation 18,282 20,792
Loss on debt extinguishment, net 40 5,262
Loss (gain) on derivative liabilities 1,280 (7,500)
Loss (gain) on marketable investments 13,683 (68,534)
Loss on equity method investments 368 131
DIP Facility upfront lender fees and debt issuance costs 2,725  
DIP Facility Exit Fee 5,250 0
Increase (decrease) on contingent consideration 3,800 (2,100)
Deferred income taxes (353) 1,086
Current income taxes 11,847  
Changes in operating assets and liabilities, excluding effect of acquisitions:    
Accounts receivable (2,047) (5,982)
Inventory (1,333) (5,979)
Accrued payroll (2,541) 3,949
Prepaid expenses, deposits and other assets 131 (1,640)
Accounts payable 18,233 (2,571)
Accrued expenses and other liabilities 16,357 9,122
Deferred revenue 563 (1,709)
Accrued legal settlements 1,797  
Other (518) 179
Net cash used for operating activities (49,459) (83,360)
Investing activities    
Purchases of property and equipment (86) (2,593)
Acquisition consideration paid in cash, net of cash acquired   (4,527)
Proceeds received from exit of FortuneBio investment 1,770  
Net cash provided by (used for) for investing activities 1,684 (13,664)
Financing activities    
Proceeds from DIP Facility, net of lender fees and debt issuance costs 27,275  
Proceeds from other short-term debt, net of issuance costs 4,907 57,121
Proceeds from issuance of Scilex convertible debentures 9,600  
Proceeds from exercises of stock options and warrants   132
Repayments of debt and other obligations (3,557) (48,316)
Net cash provided by financing activities 61,196 173,369
Net change in cash, cash equivalents and restricted cash 13,421 76,345
Net effect of exchange rate changes on cash 600 (1,104)
Cash, cash equivalents and restricted cash at beginning of period 23,634 36,665
Cash, cash equivalents and restricted cash at end of period 37,655 111,906
Cash paid during the period for:    
Interest   116
Income taxes   53
Supplemental disclosures of non-cash investing and financing activities:    
Stock dividends (14,282)  
DIP Facility Exit Fee incurred but not paid 5,250  
Virex Health acquisition consideration paid in equity   4,435
Bridge Loan settlement through ATM proceeds 6,166  
Property and equipment costs incurred but not paid 5,301 457
Virex Health, Inc    
Investing activities    
Acquisition consideration paid in cash, net of cash acquired   (6,544)
Public Offering Of Common Stock And Warrants 2019    
Financing activities    
Proceeds from equity offerings, net of issuance costs $ 22,971 $ 164,432