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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net loss $ (263,063) $ (260,017)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 7,216 6,534
Non-cash operating lease cost 3,425 2,176
Non-cash interest expense and amortization of debt issuance costs 1,179 4,892
Payment on notes attributed to accreted interest related to the debt discounts   (22,057)
Acquired in-process research and development   12,271
Loss on write-off of leasehold improvements 386  
Stock-based compensation 33,476 39,116
Loss on debt extinguishment, net 40 5,732
Loss (gain) on derivative liabilities 1,300 (4,800)
Loss on marketable and equity investments 15,460 26,958
(Loss) gain on equity method investments 368 59
Write-off obsolete inventory 2,155  
Change in fair value of convertible notes 3,748  
DIP Facility upfront lender fees and debt issuance costs 4,037  
DIP Facility Exit Fee 5,250 0
Increase (decrease) on contingent consideration 3,800 (66,400)
Loss on impairment of intangible assets 12,366 90,780
Deferred income taxes (353) (671)
Changes in operating assets and liabilities, excluding effect of acquisitions:    
Accounts receivable (8,256) (2,389)
Inventory (1,831) (11,375)
Accrued payroll (902) 6,989
Prepaid expenses, deposits and other assets 3,156 4,280
Accounts payable 25,142 1,427
Accrued expenses and other liabilities 35,974 3,976
Deferred revenue 361 (1,587)
Accrued legal settlements 1,797  
Income tax payable 12,626  
Other (3,975) (242)
Net cash used for operating activities (105,118) (164,348)
Investing activities    
Purchases of property and equipment (226) (5,298)
Proceeds received from exit of FortuneBio investment 1,770  
Acquisition consideration paid in cash, net of cash acquired   (3,550)
Net cash provided by (used for) investing activities 1,544 (15,392)
Financing activities    
Proceeds from DIP Facility, net of lender fees and debt issuance costs 70,963  
Proceeds from other short-term debt, net of issuance costs 6,859 57,093
Proceeds from issuance of Scilex shares 16,166  
Proceeds from issuance of Scilex convertible debentures 24,000  
Proceeds from Scilex eCapital-revolver 17,158  
Proceeds from exercises of stock options and warrants 745 805
Repayments of debt and other obligations (5,285) (111,339)
Transaction costs related to Business Combination (1,372)  
Payment of dividends (11)  
Net cash provided by financing activities 150,009 215,140
Net change in cash, cash equivalents and restricted cash 46,435 35,400
Net effect of exchange rate changes on cash (320) (1,720)
Cash, cash equivalents and restricted cash at beginning of period 23,634 36,665
Cash, cash equivalents and restricted cash at end of period 69,749 70,345
Cash paid during the period for:    
Interest 2,228 234
Income taxes 28 (31)
Professional fees paid for reorganization in operating activities 6,604  
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
Deferred consideration for intangible asset acquisition   3,650
Bridge Loan settlement through ATM proceeds 6,166  
Property and equipment costs incurred but not paid 6,388 950
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 $ 20,786 $ 268,581