XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (3,208) $ (15,282)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 521 169
Accretion of premium (discount) on marketable investment securities 1,125 691
Non-cash interest expense 9,524 7,895
Non-cash royalties (34,561) (7,996)
Compensation expense on share-based awards 3,456 2,024
Realized gain on sale of marketable investment securities (3) 0
(Increase) decrease in operating assets:    
Accounts receivable (40,731) (4,106)
Prepaid expenses, other current assets and other assets 2,120 (2,639)
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 12,127 (4,095)
Other liabilities (1,095) (960)
Net cash used in operating activities (50,725) (24,299)
Cash flows from investing activities:    
Sales of marketable investment securities 2,526 240
Maturities of marketable investment securities 54,056 38,031
Purchases of marketable investment securities (57,453) (47,041)
Acquisitions of property and equipment (628) (1,022)
Net cash used in investing activities (1,499) (9,792)
Cash flows from financing activities:    
Principal payments on debt 0 (64,262)
Net proceeds from the sale of common stock and exercise of stock options 512 108,060
Decrease in restricted cash and cash equivalents 0 50,784
Net cash provided by financing activities 512 94,582
Effect of exchange rate changes on cash (5) (3)
Net (decrease) increase in cash and cash equivalents (51,717) 60,488
Cash and cash equivalents at beginning of period 82,401 77,170
Cash and cash equivalents at end of period 30,684 137,658
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 474 20,806
Cash paid for income taxes 0 0
Supplemental Disclosure of Non-cash Investing and Financing Activities    
Unrealized gains on marketable investment securities 101 28
Accrued acquisition of property and equipment 88 128
Noncash reduction of debt 37,247 0
Accrued offering costs 0 129
Conversion of 5.75% convertible notes $ 0 $ 33,260