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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net cash used in operating activities$ (90,467)$ (38,090)
Investing activities:  
Purchases of short-term investments(284,379)(429,631)
Proceeds from the sale of short-term investments371,872483,476
Purchases of property, plant and equipment(7,655)(12,740)
Proceeds from land sold to BioMed 10,147
Reduction of cash due to deconsolidation of Regulus Therapeutics Inc. upon adoption of a new accounting standard (16,228)
Acquisition of licenses and other assets(2,544)(3,430)
Purchases of strategic investments(359)(658)
Net cash provided by investing activities76,93530,936
Financing activities:  
Proceeds from issuance of equity1,5542,036
Proceeds from equipment financing arrangement1,6253,083
Principal payments on debt and capital lease obligations(4,436)(3,098)
Net cash (used in) provided by financing activities(1,257)2,021
Net decrease in cash and cash equivalents(14,789)(5,133)
Cash and cash equivalents at beginning of period70,052105,255
Cash and cash equivalents at end of period55,263100,122
Supplemental disclosures of cash flow information:  
Interest paid4,6474,694
Income taxes paid27,700
Supplemental disclosures of non-cash investing and financing activities:  
Amounts accrued for capital and patent expenditures1,378927
Capitalized costs and financing liability associated with leased facility$ 58,748