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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (327,229) $ 779,525
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Non-cash royalty revenue related to sale of future royalties (27,585) (24,337)
Non-cash interest expense on liability related to sale of future royalties 17,853 14,808
Stock-based compensation 74,787 63,895
Depreciation and amortization 9,582 7,799
Accretion of discounts, net and other non-cash transactions (10,421) (8,136)
Changes in operating assets and liabilities:    
Accounts receivable 2,008 (16,179)
Inventory (2,339) (2,570)
Other assets 18,127 (22,087)
Accounts payable 16,109 2,611
Accrued compensation 13,164 19,659
Other accrued expenses 10,019 26,603
Deferred revenue (9,465) (10,931)
Other liabilities 11,932 5,104
Net cash provided by (used in) operating activities (203,458) 835,764
Cash flows from investing activities:    
Purchases of investments (1,028,883) (1,944,178)
Maturities of investments 1,122,902 467,658
Sales of investments 0 11,963
Purchases of property, plant and equipment (22,614) (5,552)
Sales of property, plant and equipment 0 2,633
Net cash provided by (used in) investing activities 71,405 (1,467,476)
Cash flows from financing activities:    
Issuance of common stock 0 790,231
Proceeds from shares issued under equity compensation plans 18,449 59,067
Net cash provided by financing activities 18,449 849,298
Effect of exchange rates on cash and cash equivalents (77) (87)
Net increase (decrease) in cash and cash equivalents (113,681) 217,499
Cash and cash equivalents at beginning of period 194,905 4,762
Cash and cash equivalents at end of period 81,224 222,261
Supplemental disclosures of cash flow information:    
Cash paid for interest 14,229 14,701
Operating lease right-of-use assets recognized in exchange for lease liabilities $ 56,025 $ 0