XML 32 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (21,272) $ (6,532)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,871 799
Accretion of premium on marketable investment securities 1,962 1,550
Shares issued for payment of services 549 0
Non-cash interest expense 8,674 13,727
Non-cash royalties (29,831) (45,878)
Compensation expense on share-based awards 7,343 4,879
Realized gain on sale of marketable investment securities (2) (3)
(Increase) decrease in operating assets:    
Accounts receivable (4,041) (14,865)
Inventory 6,118 0
Prepaid expenses, other current assets and other assets 528 3,182
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 4,263 2,176
Other liabilities (1,242) (1,168)
Net cash used in operating activities (25,080) (42,133)
Cash flows from investing activities:    
Sales of marketable investment securities 6,451 2,526
Maturities of marketable investment securities 58,251 76,914
Purchases of marketable investment securities (114,738) (67,668)
Acquisitions of property and equipment (608) (858)
Net cash (used in) provided by investing activities (50,644) 10,914
Cash flows from financing activities:    
Net proceeds from the sale of common stock 93,454 0
Net proceeds from the exercise of stock options 11,684 903
Shares withheld for the payment of taxes (618) 0
Net cash provided by financing activities 104,520 903
Effect of exchange rate changes on cash 0 (13)
Net increase (decrease) in cash and cash equivalents 28,796 (30,329)
Cash and cash equivalents at beginning of period 17,471 82,401
Cash and cash equivalents at end of period 46,267 52,072
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 712 714
Cash paid for income taxes 4 0
Supplemental Disclosure of Non-cash Investing and Financing Activities    
6.1 million shares of NPS common stock issued in connection with the Takeda Termination and Transition agreement, see note 10 55,403 0
Unrealized gains on marketable investment securities 14 138
Accrued acquisition of property and equipment 69 45
Noncash reduction of debt $ 20,245 $ 44,971